Secondary Suite Incentive (SSI)

Saskatchewan Launches Innovative Grant to Boost Housing Options and Affordability

In an ambitious move to enhance housing affordability and increase the availability of rental units, the Saskatchewan government has unveiled the Saskatchewan Secondary Suite Incentive (SSI) Grant Program. This initiative encourages homeowners to create additional living spaces within their properties by offering financial support.

Financial Support for Homeowners

Under the SSI program, homeowners can receive a grant covering 35% of the cost of constructing a new secondary suite within their primary residence. This grant can reach up to $35,000 for each eligible property, making it a substantial incentive for property owners to expand their housing offerings.

Program Administration and Additional Benefits

The Ministry of Finance manages the program. It also aligns with the Provincial Sales Tax (PST) Rebate for New Home Construction, providing an additional avenue for financial relief for participants.

Impact on Housing Market and Community

Saskatchewan's rapidly growing population and the tightening housing market underscore the need for more diverse housing solutions. The province has witnessed a significant decline in the availability of rental units, prompting the need for innovative measures like the SSI. The program addresses the rental shortage by enabling homeowners to add secondary suites. It offers homeowners a way to generate additional income, aiding in mortgage payments or providing accommodation for extended family members.

Who Can Apply?

Eligible properties include new, self-contained residential units within single-family homes, encompassing various types like laneway homes, garden suites, and garage suites. Funding is limited to one unit per applicant per property. The unit must be fully equipped with essential amenities and comply with all relevant regulations and standards. The program covers costs directly associated with the construction or renovation of these units.

Application Process and Timeline

Prospective applicants can expect to access detailed guidelines, application forms, and regulatory information by January 2024. The program is set to accept applications for eligible costs incurred from April 1, 2023, to March 31, 2026, accommodating already initiated projects.

Seeking Further Information

For more details on the Saskatchewan Secondary Suite Incentive Grant Program, you can contact the Ministry of Finance Inquiry Centre at 1-800-667-6102 or via email at ssisask@gov.sk.ca.

This comprehensive program represents a significant step towards addressing housing challenges in Saskatchewan, offering a practical solution that benefits homeowners and renters alike.

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