In a July 20 news release published online by the Canada Mortgage and Housing Corporation (CMHC), MJNP stated that the three-storey complex situated at 244 Manitoba Street East, Moose Jaw will benefit from a $1.2-million endowment from the federal and provincial governments (via the CMHC and the Saskatchewan Housing Corporation). MJNP will provide another $680,000 in cash, land equity, and mortgage financing.
The project, which is a joint venture between the MJNP and Thunder Creek Rehabilitation Association Inc., will be built under the Canada-Saskatchewan Investment in Affordable Housing (IAH) 2014-2019 Agreement.
“Our Government is investing in affordable housing to help create jobs and improve the quality of life for families who need it most. This funding will help people in Moose Jaw and throughout Saskatchewan access safe and affordable housing that meets their needs,” according to Honourable Jean-Yves Duclos, Minister Responsible for the CMHC.
“We continue to support those in greatest housing need by providing funding for projects like Wakamow Place. This is just one more project that will help us reach our goal on reducing poverty as we address gaps in supply and services and to increase housing availability for low-income and vulnerable people,” said Greg Lawrence, member of the Legislative Assembly for Moose Jaw Wakamow.
“Our goal is to keep Saskatchewan strong and together with our partners, we are making progress.”
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The Moose Jaw Non-Profit Housing Corporation (MJNP), in cooperation with federal authorities and the Saskatchewan provincial government, officially started the construction of the 12-unit affordable rental housing project Wakamow Place.