This investment plan, a part of Canada’s Economic Action Plan, will help creating Canada construction jobs for stimulation of the economy of Canada.
Under Canada’s Economic Action Plan, $400 million has been set aside for two years to enable building of new houses, repair and renovation of non-profit houses for the members of the First Nation communities living in Saskatchewan.
Announcing this, the Minister of State for Western Economic Diversification, Lynne Yelich, on behalf of Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) and Minister of Human Resources and Skills Development, Honorable Diane Finley said that the government of Canada wants to create employment for the people.
The announcement was made along with the Whitecap Dakota community members.
Out of the $400 million committed by the Canada’s Economic Action Plan, $250 million will be provided through Canada Mortgage Housing Corporation (CMHC) for creating on-reserve new houses ($125 million) and repair and renovation of exited on-reserve social housing ($125 million) over a period of two years.
Canada’s Economic Action Plan will make federal investments worth $60 million to solve the current housing needs of the First Nation communities in and around Saskatchewan.
Chief of Whitecap Dakota community, Darcy Bear, said the First Nation is excited and grateful after becoming a part of Canada’s Economic Action Plan since the investment set aside is integral for the growth and development of this community.
Bear added that with the creation of a company owned by the Whitecap Dakota community – Whitecap Construction, it is being hoped that the work under the Canada’s Economic Action Plan could be undertaken on schedule.
The Canadian Government had made an investment worth $300 million for creation of nearly 25,000 new housing units over a period of next 10 years in the First Nations Market Housing Fund in the year 2007.