The government of Saskatchewan has announced it is investing $3.7 million to build 12 new affordable housing units for low-income families in Prince Albert.
The project will involve the reconstruction of the Meadow Green housing development, which was destroyed in a 2021 fire.
The development consists of four three-bedroom units and eight two-bedroom housing units in a low-rise apartment complex.
“The Government of Saskatchewan recognizes that safe and affordable housing contributes to the health and wellbeing of people in our province,” Social Services Minister and Minister Responsible for Saskatchewan Housing Corporation Gene Makowsky said in a press release. “This investment, made possible by a strong and growing Saskatchewan economy, demonstrates our commitment to improving housing affordability and better supporting people and families in greatest housing need.”
The development will be owned by the Saskatchewan Housing Corporation and will provide affordable housing to families renting through the Prince Albert Housing Authority. SHC will invest $83.4 million in the repair and maintenance of the provincially owned housing units.
Construction is planned to begin later this spring and is expected to be completed by June 2025.