First-time buyers get helping hand

CALGARY REAL ESTATE NEWS

A program designed to help mid-level income earners afford their first home has expanded to offer new opportunities at projects in northeast and northwest Calgary.

Attainable Homes Calgary Corp. recently acquired a total of 42 units from multi-family developments Arrive at Redstone and Treo in Beacon Heights.

The non-profit organization is a wholly-owned subsidiary of the City of Calgary. It offers housing options for people who qualify for a mortgage and have a down payment of $2,000.

To take part in the Attainable Home Ownership program, applicants who have dependent children must earn no more than $90,000 annually. Those without without children have to earn less than $80,000 annually.

The 42 units are a welcome addition considering the program’s upturn in demand, says president David Watson of Attainable Homes Calgary Corp.

“Our database has nearly doubled in the last year,” says Watson.

After 5,000 people initially registered for email updates…

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