The provincial government is selling off 300 single family homes currently being used for subsidized housing in Prince Albert, Moose Jaw and Regina.

Today, the first new development to replace them was announced by Social Services Minister June Draude.

It is a $10-million project that will provide 48 new apartment-style homes in northwest Regina.

Draude says all the money made from the sale of existing low-income rental homes will be re-invested in new developments like the one in Regina.

She says current tenants will not be forced on the street. She says they will be given first option to buy, or be moved to other social housing units as they become available.

The Regina project will be ready for tenants in a year. Similar units will be built across the province as the government sells off its stock of existing low-income houses.