Program Info | How It Works | Calgary, AB | Attainable Homes | attainable homes

Program Information

Attainable Homes is a for-purpose, social enterprise, designed to make homeownership possible. For many, homeownership brings with it feelings of stability, security, independence. For people who dream of owning their own home, we’re here to make that dream a reality. We’re passionate about providing people the boost they need. Interested? We could help you buy a brand-new home in just 3 simple steps.

886 Homes
Filled
59 Homes
Available
8 Developments
6 Communities

How the Program Works

You, as a homeowner, contribute $2,000 and we provide the rest to get the required 5% down payment.

One significant barrier to homeownership for many moderate-income Calgarians is the down payment. We remove this barrier through an investment partnership. You, as a homeowner, contribute $2,000 and we provide the rest to get the required 5% down payment. You live in your home as long as you want.

If and when you sell your home, that’s when a portion of the home’s appreciation goes back into the program to pay it forward to future participants. The longer you live in your home, the larger your share up to a maximum of 75%.

Eligibilty

Family

Maximum household income of $103,000/year with children living in the home.

This means primary income earners in the home collectively must earn below $103,000 (before taxes).

Couples

Maximum household income of $93,000/year without children living in the home.

This means primary income earners in the home must collectively earn below $93,000 (before taxes).

Individuals

Maximum income of $83,000/year.

This means your income must be below $83,000 (before taxes)

Assets

Assets are less than 20% of the home’s purchase price, up to a maximum of $50,000 (Don’t worry; your primary vehicle, RESP, RRSP, or pension don’t count against you)

Mortgage

You can qualify for a mortgage and put $2,000 of your own money down

Education

You complete our home education session

Residence

Your home will be your permanent and only residence

Shared Appreciation Calendar

You never have to sell your home. But if you choose to, that’s when we share in the home’s appreciation with you. If you live in your home for more than three years, you will keep three quarters of the increase in your home’s value. The portion we take is to help pay it forward to future program participants.

Years of Ownership*Your Share of the Home’s Appreciation
0-1 year0%
1-2 years25%
2-3 years50%
3+ years75%
*There is no minimum or maximum length of time required.

Example

Sometimes it’s easier to understand how the program works when we walk through an example. Below is an example showing the financials involved in buying your Attainable Home and eventually selling it if you so choose.

Purchase Your Attainable Home
Purchase price:$220,000
Down payment from you:$2,000
Gifted down payment we provide:$9,000 (5% - $2,000)
Mortgage provided by a bank:$209,000
Total:$220,000
Selling Your Attainable Home (Example: after five years with an appraised value of $254,700)
Market value of your attainable home:$254,700
Minus your original deposit:$2,000
Minus your mortgage amount:$209,000
Appreciation (increase in value)$43,700

Our Developments

Ashbury
in Saddle Ridge
Orchard Sky
in Skyview Ranch
Arbours
at Skyview Ranch
Varsity
4818
Sunalta
1920
Buffalo
in Silverado

See All Our Developments

Register For Your Future Today

Our Attainable Homes program helps you out with the down payment: you contribute $2,000 and we’ll pay the rest! From there it’s all about sharing; if and when you sell your home, the growth in the home’s value (the appreciation) is split between you and us. The longer you live in your home, the more you keep. We put our portion back into the program to provide more homeownership opportunities for Calgarians. Pick from a range of apartment and townhome condominiums throughout Calgary. It’s an investment you can feel great about.