
HeadStart on a Home
Working Together to Build Saskatchewan
HeadStart on a Home is Saskatchewan's largest economic initiative to address entry-level housing in the last decade. The program helps builders acquire construction financing for homes and rental properties. The program is managed by Westcap, a Saskatchewan venture capital and private equity Fund Manager, in partnership with the Government of Saskatchewan and Saskatchewan Credit Union.
Construction financing is available for builders of entry-level homes and rental units:
- Loaned at fixed rate of 4%
- Minimum 10% equity requirement
- No pre-sales required
- Minimum 75% of homes must be owner-occupied
- Units must have a target price at or below the average MLS sale price in area
Each project will be assessed on the following criteria:
- Capacity, experience and expertise of the Developer/Builder
- Overall feasibility of the project
- Municipality engagement
- Sales strategy to entry-level purchasers
- Needs assessment of the Municipality
More information is available on the program website - or contact your local branch to learn more.