Saskatchewan Co-Investment Program
“Saskatchewan. Housing Corporation”
$500,000.00
Maximum Eligible Amount
Government Grant
Fund Type
The Saskatchewan Co-Investment Program (SCIP) is a provincial program that complements the National Housing Co-Investment Fund (NHCF), a federal program administered by Canada Mortgage and Housing Corporation (CMHC) as part of the National Housing Strategy (NHS). SCIP provides 10-year forgivable loans to support the construction of new affordable rental housing and the repair and renewal of existing affordable housing in Saskatchewan.
SCIP provides one-time funding up to $ 27,000 per unit, up to a maximum of $ 500,000 per project to develop new affordable purpose-built rental units or to repair or renew existing units. Saskatchewan Housing Corporation (SHC) will secure a forgivable loan with a registered interest on the title until the loan is fully forgiven over 10 years.
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