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.