By Leslie Knight, Global News, March 22, 2014 - SASKATOON - Eleven new homes are being built in Warman, Saskatchewan to help deal with the need for affordable housing. The two projects are part of the ‘HeadStart on a Home’ program and consist of single family homes and a duplex, ranging in price from $300,000 to $315,000.
On Friday, the Government of Saskatchewan announced it has provided $2.3 million in financing assistance, through HeadStart.
The made-in-Saskatchewan program was launched in 2011 to help finance entry-level homes in the province.
HeadStart is managed by Westcap Management Limited.
“Working closely with our Credit Union partners, we are very pleased to report that HeadStart on a Home has approved financing for the construction of 1,351 homes,” said Grant Kook, president and CEO of Westcap Management Ltd.
Builders and developers apply for construction loans in collaboration with local municipalities.
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