– 2012 Report on the 2008 Housing Business Plan

Report on the 2008 – 2012
Housing Business Plan
Report on the 2008 – 2012
Housing Business Plan
Housing has become less affordable
in Saskatoon’s booming economy
Saskatoon Housing Price Increases vs.
Income Increases
400,000
350,000
300,000
Aveage House Price
(includes condos)
250,000
200,000
150,000
Average Household
Income
100,000
50,000
0
2005
2007
2009
2011
2013*
*projected
Report on the 2008 – 2012
Housing Business Plan
The Target: 500 new affordable units per year
The Budget: Over $15 million was allocated
to support the target of 2,500 units.
Report on the 2008 – 2012
Housing Business Plan
The Results:
Affordable Rental:
Secondary Suites:
Affordable Ownership:
Market Rental:
Entry Level Ownership:
Total:
529
251
429
858
467
2,534 units
Report on the 2008 – 2012
Housing Business Plan
Government Partners:
Report on the 2008 – 2012
Housing Business Plan
Other Partners: 32 partners
Non Profit Providers:
Private Builders:
Financial Institutions:
Faith Based:
University:
Total:
9
15
3
4
1
32
Report on the 2008 – 2012
Housing Business Plan
The Investment: Each City dollar was
matched by at least $20 of investment
from other partners.
Proposed Ten Year
Housing Business Plan 2013 - 2022
The City’s Role in Housing
Long Term Strategy:
“To increase the supply and range of affordable
housing options.”
The City’s Role in Housing
Affordable Rental
Entry Level
Ownership
Affordable Ownership
Purpose Built Rental
Government of Saskatchewan
Partnerships
• Rental Construction Incentive
• Affordable Home Ownership Program
• Rental Development Program
• Secondary Suite Program
• Head Start on a Home
Government of Canada Partnerships
Homeless Partnering Strategy:
• funding for shelters and
transitional housing
CMHC:
• housing market research
• SEED funding
• proposal development grants
Partnerships With All Sectors
Faith Based
Non-Profit
Private Sector
Aboriginal
Core Business Plan Strategies
• Policy Tools
• Financial Incentives
• Partnerships
• Research
• Public Education
Priorities
• Attainable Housing in all Neighbourhoods
• Accessible Housing
• Neighbourhood Revitalization
• Safe and Adequate Housing
• Meeting Identified Needs
• Innovative and Efficient Housing
What’s New in this Plan?
Points System to earn capital grant
of up to 10 percent:
• Accessible Units 
• Neighbourhood Revitalization 
• Mixed Tenure 
• Safe Housing 
• Supportive Housing……
What’s New
Land Cost Differential Incentive:
• additional 5 percent grant to offset additional
land cost of building in areas lacking affordable
rental housing.
What’s New
Funding the Housing Business Plan
1. $ 2 million = 500 units (full continuum)
2.
3.
4.
5.
$ 1 million = 465 units (less affordable rental)
Defer decision to wait for NLDF dividend
$355,000 = 430 units (no affordable rental)
$335,000 = 100 entry level (no tax abatement or
deferral funding)
6. $0 = no housing program