Sask. gov’t transfers 10 social housing units to Regina rent-to-own program

The Renewing Communities, Creating Homeowners initiative was greenlit in September 2024. (Source: Silver Sage Housing Corporation)

The Government of Saskatchewan has given 10 social housing units to the Silver Sage Housing Corporation non-profit.

The units will be used for Silver Sage’s rent-to-own program in Regina’s North Central Neighbourhood.

“Through a collaborative partnership with Silver Sage and the City of Regina, this initiative provides a supportive path to affordable homeownership while encouraging long-term housing stability and resilience in the North Central neighbourhood,” said Social Services Minister Terry Jenson in a news release Thursday.

With all 10 units being transferred to Silver Sage, the non-profit will be responsible for program operations, property management, maintenance, taxes, insurance and participant support.

The province will also provide a forgivable renovation loan of up to $200,000 for modest repairs.

Silver Sage is an organization that is dedicated to providing social housing to First Nations people. It manages 371 income-based rental units in Regina and across southern Saskatchewan.

“This initiative reflects the power of partnership in creating lasting housing solutions. Through Silver Sage’s LIFT (Lease into Full Title) program, families will have the opportunity to build stability, strengthen their financial future and ultimately achieve the dream of homeownership,” Silver Sage Chief executive officer Natoshia Bastien said.

The rent-to-own program was first announced in 2024 with the signing of a memorandum of understanding between the City of Regina and the Government of Saskatchewan.

Since 2007, Silver Sage has worked in partnership with the province to develop 144 affordable housing units through its rental housing development program, which includes this program.

More details to come …