Alward says the provincial cabinet has discussed the issue, but some legal processes remain.
A flood in March forced 500 residents to evacuate their homes and caused $25 million in damage.
Residents say they want the government to commit funds to move homes to higher ground as soon as possible.
A recent report recommended moving up to 72 homes.
Two weeks ago, the government announced nearly $3 million would be spent to stabilize riverbanks and improve flood forecasting.