News Release - September 25, 2000
CREATIVE SENIORS' HOUSING IN SASKATOON
A unique funding arrangement involving the Province of Saskatchewan, Saskatoon
seniors and the City of Saskatoon is responsible for a new housing development
in that city.
Located on the site of the old sanatorium, the Arbor Green development will be
a 50-unit apartment complex, designed for seniors age 55 and up.
For qualifying candidates, Saskatchewan Housing Corporation with assistance
from the federal government and a $900,000 contribution from the Centenary
Fund, is providing up to 47.5 per cent of the funding for Arbor Green.
The fund was announced in this year's provincial budget and was established to
help accelerate social housing and a variety of other important capital
projects over the next four years, leading up to the province's Centenary in
The city is providing five per cent of the funding for Arbor Green and the
residents themselves will provide the remaining 47.5 per cent by investing
equity from their former homes in the project. Residents with higher incomes
will pay a slightly higher percentage.
"Saskatchewan Housing Corporation has been working closely with communities
over the past number of years to develop imaginative, cost-effective social
housing solutions," Municipal Affairs, Culture and Housing Minister Jack
Hillson said. "Arbor Green is just the latest in a succession of projects
tailored to address the unique needs of individual Saskatchewan communities."
To qualify for Arbor Green, residents must be 55 years of age or older and have
an annual income of no more than $25,000 for a couple, $20,625 for an
For more information, contact:
Municipal Affairs, Culture & Housing
Phone: (306) 787-5959