Canadian Program Offers Entry Level Modular Home

Newswire from Canada tells eight leading Saskatchewan credit unions are teaming with the HeadStart on a Home program to provide down payment loans for entry -level buyers to purchase a home. The loans are repayable within five years at Credit Union prime. This $200 million program will provide 1,000 new, affordable homes over the next five years. The homes may be modular, site-built, condos, or multi-units. Builders working through municipalities are eligible for loans of up to 90 percent of the cost of construction, with low finance rates and no pre-construction sale required. Social Services Minister and Minister responsible for Saskatchewan Housing Corporation June Draude said. “Our government is ready to work with public and private partners to move the housing strategy forward and, most importantly, provide Saskatchewan people with more opportunities to own homes.”

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