
Affordable Co-op Housing for Albertans
We are dedicated to providing affordable housing solutions for Albertans, including individuals and families with modest incomes, seniors, veterans, and those with limited abilities.
Our modern and practical communities in Calgary will be built with a cooperative foundation. Key features include:
- Ownership Opportunities: If you have a modest income (around $50,000) and qualify for a mortgage, you could become a homeowner.
- Cooperative Management: Our communities are governed by a management board, ensuring collaborative oversight.
- Qualified Buyers Only: Only individuals approved by the board may purchase a home, and rental to others is not permitted.
- Property Maintenance: Homeowners are responsible for maintaining their properties.
- Equity Growth: Your mortgage payments will generally build equity over time.
- Stable Pricing: To maintain affordability across generations, homes are sold at the original purchase price (adjusted for inflation), not influenced by market fluctuations.
- Parking: Parking may or may not be provided, and arrangements can be negotiated.
- Membership Fee: A modest co-op membership fee will apply, determined by the number of units in the community.
- Exterior Maintenance: The co-op board will manage exterior maintenance, including lawns, sidewalks, and snow removal.
- Architectural Controls: To maintain community aesthetics, architectural controls will be in place (e.g., no color changes).
Join us in creating a supportive, affordable community where everyone can thrive.