River Bank Development receives funds from feds, province for housing project
A program to purchase six single family dwellings for large families in Prince Albert has received a boost from the federal and provincial governments.
The River Bank Development Corporation was one of four Saskatchewan organizations to receive a chunk of $4.4 million earmarked to support affordable housing in communities across the province. Projects in Humboldt, Regina and Saskatoon also received a slice of the funding pie. In the announcement Thursday, Minister of Public Safety Ralph Goodale said more funds are expected to come, as the government’s first-ever National Housing Strategy aims to invest $40 billion over the next 10 years to “reduce homelessness and improve the availability and quality of housing for Canadians.”
The River Bank Development Corporation received $630,500 of the $4.4 million for their project, which Manager Brian Howell said has been ongoing for some time.
“It is a bit of a buyer’s market, so we are able to get good, high-quality houses,” he said. “We are doing basic renovations and renting them to larger families, and families who have trouble finding housing with enough bedrooms.”