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Ward 1 News: Varsity - Attainable Homes

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Attainable Homes Calgary Corporation (AHCC) is a non-profit social enterprise and wholly-owned subsidiary of The City of Calgary. We work closely with Calgary Housing Company, Horizon Housing, Norfolk Housing Association and other housing providers that will help coordinate your transition into an attainable home.

If you have a steady income, a decent credit rating, and you can save up $2,000 of your own money for a down payment, you may qualify for the program. Through our Attainable Home Ownership Program, we connect builders, developers, lenders, lawyers and others to bring down the upfront costs of ownership so qualifying Calgarians can buy their very own home with a $2,000 down payment. Furthermore, when you decide to buy an attainable home, you're also choosing to pay it forward to help another family in the future. When you eventually decide to refinance or sell your home on the market, a share of the appreciation goes back into the program to fund more developments that will help even more people get a foot on the property ladder.

Attinable Homes

One of the most recent sites the City of Calgary has approved is for an apartment building on the corner of Varsity Drive and Shaganappi Trail which includes 26 apartment condos, a garbage enclosure, underground parking, two surface visitor parking stalls, and a bike rack. Access is via the rear lane.
Half of the homes will be sold to hardworking Calgarians who can afford a mortgage but need a little support with the down payment, which is one of the solutions to the current housing crunch in our city. The balance will be market-priced units.

Details can be found at: http://attainyourhome.com/varsity


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This content represents the personal views and opinions of the Councillor and should not be taken as a statement of policy of The City of Calgary. The inclusion of any external content does not imply endorsement by The City of Calgary.

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