New Rental Housing Officially Opens in Carlyle

CARLYLE, SASKATCHEWAN--(Marketwired - May 27, 2016) - The Governments of Canada and Saskatchewan, along with Blue Oak Holdings Inc. (Blue Oak), today celebrated the official opening of 12 new affordable rental units for low-to-moderate-income individuals and families in Carlyle.

The Honourable Ralph Goodale, Minister of Public Safety and Emergency Preparedness, on behalf of Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), and Dan D'autremont, Member of the Legislative Assembly for Cannington, on behalf of the Honourable Donna Harpauer, Minister of Social Services Minister and Minister Responsible for the Saskatchewan Housing Corporation, made the announcement today.

Quick facts:

• The Blue Oak project is a 12-unit rental housing development located at 101 Carlyle Avenue in Carlyle.
  
  
• Owned by Blue Oak, the development consists of four one-bedroom units plus a den and eight two-bedroom units. Each unit is 850 square feet or 79 square meters.
  
  
• The Federal and Provincial Governments, through CMHC and SHC, are jointly contributing $240,000 towards six of the 12 units under the Canada-Saskatchewan Investment in Affordable Housing (2011-2014) Agreement.
  
  
• Blue Oak contributed about $1.8 million to the development in the form of cash/land equity and mortgage financing.
  
  

Quotes:

"The peace of mind that comes with having a secure and stable home is invaluable. This is why our Government is glad to be involved in the creation of these 12 new units which will provide Canadians in Carlyle with affordable and quality housing while supporting the local economy."

- Honourable Ralph Goodale, Minister of Public Safety and Emergency Preparedness, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation

"This project is an exciting housing option for the community of Carlyle. Not only is it meeting a real need for housing, it is providing low-to-moderate-income renters with an opportunity to live in an affordable home as they pursue other opportunities that exist in this province. We are proud to work with our partners to keep Saskatchewan strong by continuing to increase housing supply, to improve housing affordability and to support individuals and families in greatest housing need."

- Dan D'autremont, Member of the Legislative Assembly for Cannington, on behalf of the Honourable Donna Harpauer, Minister of Social Services and Minister Responsible for Saskatchewan Housing Corporation

"We are committed to helping Saskatchewan grow and thrive. We believe in providing affordable and comfortable accommodations to our residents in rural hubs across the province. We really appreciate the programs that the Government of Saskatchewan has available to help make this possible. This project would not have been possible without the wonderful support we have received from the Province and the Town of Carlyle. We look forward to continuing to work together with our governments and communities to provide even more housing to our residents across Saskatchewan."

- Jason Zhao, Blue Oak Holdings Inc.

Associated links:

• CMHC has been helping Canadians meet their housing needs for more than 70 years. As Canada's authority on housing, we contribute to the stability of the housing market and financial system, provide support for Canadians in housing need, and offer unbiased housing research and advice to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of our operations. For more information, please call 1-800-668-2642 or visit www.cmhc.ca.
  
  
• In October 2012, the Government of Saskatchewan released the Sasatchewan Plan for Growth: Vision 2020 and Beyond, which sets out the Government's vision for a province of 1.2 million people by 2020. The Plan identifies principles, goals and actions to ensure Saskatchewan is capturing the opportunities and meeting the challenges of a growing province. Since 2007, the Government of Saskatchewan has invested almost $700 million to develop and repair more than 14,600 homes around the province.
  
  

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