The provincial government has announced that it will be modernizing its portfolio of properties by selling off old housing units and replacing them with new ones.
In Moose Jaw, the province intends to sell more than 100 properties, mostly single-family homes, currently administered by the Moose Jaw Housing Authority, said Don Allen, president of Sask Housing Corporation.
But residents of those properties are not going to be left out in the cold, he said.
“We have to build replacement homes first,” said Allen. “Until we build homes to replace (the old units), we won’t be selling ... we will invest in the new homes before we sell the existing ones.”
According to Allen, sale of the existing properties will bring in roughly $50 million in revenue. Most of that revenue will then be re-invested into the new homes.
The province is “conscious of the impact that releasing 100 homes on to the market will have on (it),” Allen said, and so will release units for sale gradually.
All told, the province is operating on a timeline of two to three years, he said.
“We’re very pleased to be able to modernize the portfolio,” said Allen. “We’re pleased that we’ll be able to build more modern housing ... we’re quite excited by the opportunity, and perhaps the possibility of building more housing with the proceeds (of the sale).”
Sask Housing will be putting out a call for build proposals from local developers, Allen said, in order to receive a variety of proposals for the new units. As such, he said, it’s impossible to determine as yet if the new units will adhere to green building standards such as LEED.
“We’ll leave that to the builders,” he said.