Eight new rental units on Weyburn’s South Hill were opened in a ceremony on Friday afternoon, with city and provincial officials in attendance along with the developers, C. Anderson Holdings Inc.
South Pointe Developments, located along Government Road on Eighth and Ninth Avenues, will have 12 units, eight of which are affordable rental units for which the developers received a federal-provincial-municipal grant to assist with the costs of construction.
For the official opening, MLA and Health Minister Dustin Duncan was present, representing Social Services minister and minister responsible for Saskatchewan Housing Corporation Donna Harpauer, and Mayor Debra Button for the City of Weyburn.
The federal and provincial governments jointly provided funding of $160,000 under the Canada-Saskatchewan Investment in Affordable Housing Agreement, through the Capital Rent Subsidy program.
In addition, the provincial government and the City of Weyburn each provided an incentive of $40,000 under the Rental Construction Incentive program.
The balance of the funding is being provided by C. Anderson Holdings in the form of cash, land equity and financing.
“It really wasn’t that long ago that housing was in short supply in the city of Weyburn,” said Mayor Button. “Things have of course cooled off a bit, but they haven’t cooled off completely. Our city continues to grow. It’s a city of opportunity and continues to be a great place to raise families, and we continue to have new families coming here.”
Having new rental units like these makes affordable and appealing housing available, said the mayor. “It’s a pleasure to see this beautiful complex.”
Baron Anderson, speaking for the developer, C. Anderson Holdings, noted that the rental units would not have been possible without the assistance they received through these programs.
“We are pleased to have the opportunity to give back to our community and help the hard-working citizens of Weyburn,” he said. “We look forward to continued success and partnership in the city of Weyburn.”
As these are low-rental units, there is an income threshold of around $45-50,000 for the combined family income, said Reid Anderson, and both bedrooms need to be occupied.
Each unit is a two-bedroom apartment with approximately 1,000 square feet or 92.9 square metres in area.
