Quint Development Corporations

1

• Quint Development Corporations
• Affordable Housing Program
• Len Usiskin
• Presentation to
• National Community Investment and CSR Forum
• Winnipeg
• June 1, 2006
• www.quintsaskatoon.ca

2
Saskatoons Core Neighbourhoods
3
Core Neighbourhoods Average Family Incomes (2001)

• Neighbourhood Average Income lt20,000
• City of Saskatoon 62,451 9
• Core Neighbourhoods 32,475 21
• Caswell 40,217 13
• King George 33,690 23
• Pleasant Hill 26,753 27
• Riversdale 29,272 24
• Westmount 32,444 21

4
Average House Sale Price (2001)

• City of Saskatoon 126,514
• Core Neighbourhoods 62,949
• Caswell 81,972
• King George 59,542
• Pleasant Hill 54,107
• Riversdale 53,130
• Westmount 65,996

5
Stability and Mobility IndicatorRental vs.
Ownership (2001)

• Rental Owned
• City of Saskatoon 38 62
• Core Neighbourhoods 49 51
• Caswell 42 58
• King George 33 67
• Pleasant Hill 75 25
• Riversdale 48 42
• Westmount 38 62

6
Quints History

• Residents and Community Associations struggling
  with poverty and marginalization in low income
  neighbourhoods
• People were tired of external solutions being
  imposed and ideas of residents never being valued
• Community was intent on taking control of
  economic and social agenda

7
Quint and the Community

• 1995 Community Economic Development workshop
• 1995 Quint Development Corporation formed
• Quint governed by community residents and
  community associations
• strives to employ a workforce that is
  representative of and live in the neighbourhoods

8
Quints Affordable Housing Program Background

• Late 60s development of multi-unit dwellings
• Increase of absentee landlords
• Increase of substandard single unit dwellings
• Low vacancy rates in Saskatoon
• Increase in transience of residents
• School population 200 turnover rate

9
Neighbourhood Home Ownership Co-ops

• Co-operative homeownership for low income
  families
• Minimum 5 year membership
• Gain/enhance skills to become homeowner
• End of 5 years the member has three choices
• Assume title and leave the co-op
• Assume title and remain with the co-op
• Renew with the co-op

10
Neighbourhood Home Ownership Co-ops

• Assisted with the development of 8 co-ops
• Provided the opportunity for more than 110
  families to become homeowners
• 40 families have assumed title and taken
  ownership
• 13 families currently applying for title

11
Homeownership Co-ops and CED Multiple Bottom
Lines

• Improved and stabilized family living situations
• Decreased social costs due to poor and unstable
  housing
• Reduced poverty and hunger
• Healthier communities - more residents
  stability, pride and commitment to their
  neighbourhood

12
Homeownership Co-ops and CED Multiple Bottom
Lines

• Equity built by low-income families
• The outflow of income stemmed from the core
  communities
• The aging housing stock in the low income
  communities purchased and renovated
• Employment, training and economic development for
  community residents and businesses

13
Why Home Ownership Co-ops?

• Promotes peer mentorship and education
• Reduces isolation networks of support
• Spreads the risk for lenders
• Allows for assets to be dispersed to families.

14
The Credit Union and Co-op Partnerships

• Non traditional mortgage financing
• 110 mortgages and new members
• Support for the C.D. with the co-op members
• Credit Unions
• The Co-operators
• Saskatoon Co-op renovation materials
• Insurance with Co-operators

15
Affordable Rental Revitalization

• renovation and management of rental housing that
  was previously run down and unsafe.
• Support for Tenants Association
• Family room with meeting space, computers,
  community kitchen
• Space for a daycare
• Green Space with play areas and community gardens

16
Affordable Rental Revitalization
17
Pleasant Hill Place

• a co-housing alternative for five student parents
  and their young children, who are completing high
  school.

18
Pleasant Hill Place

• To provide safe and adequate housing for five
  mothers (16 to 21 yrs) and their children
• Part time staff provide supports so that young
  mothers can transition to healthy independent
  living
• To link mothers to community-based support
  network

19
Male Youth Lodge

• provide housing and support for 10 homeless young
  men, ages 16-22.
• Supports for life skills, completing education,
  training and employment