Saskatchewan Housing Corporation Explained

Saskatchewan Housing Corporation
Type:Crown Corporation
Foundation:1978
Location:1920 Broad Street
11th Floor
Regina, Saskatchewan
S4P 3V6
Industry:Housing
Products:Housing

Saskatchewan Housing Corporation (SHC) is a crown corporation owned by the Government of Saskatchewan, founded in 1978, to fund social housing, provide grants and other incentives for low-income and rental housing development within the province.[1] In 2010, SHC supported 23,500 social and affordable rental housing units and an addition 5,400 special-purpose housing (e.g. group homes and special needs) units.[2] The corporation primarily executes its mandate by funding programs and initiatives undertaken by 450 local community organizations, mostly local municipal housing authorities. Corporation staffing functions are primarily provided by the Ministry of Social Services under contract to the corporation.

In response to increased population growth, SHC developed a new strategic plan to increase market rental housing in the province and enhance home ownership for low-income families.[3]

External links

Notes and References

  1. Web site: The Saskatchewan Housing Corporation Act; Chapter S-24 of The Revised Statutes of Saskatchewan. Queen's Printer. 2011-08-10.
  2. Web site: 2010 Annual Report, Saskatchewan Housing Corporation - An Agency of Social Services. Saskatchewan Ministry of Social Services. 2011-08-10.
  3. Web site: Press Release - HOUSING STRATEGY FOR SASKATCHEWAN RELEASED. Government of Saskatchewan. 2011-08-10.