Attainable Homes Calgary Corporation is partnering with Truman Homes to deliver 42 new attainable homes by the end of this year in a new development called Glenbrook Park in the city’s southwest.
The apartment condos range in size from 600 to 1,050 square feet with one, two and two-bedroom-plus-den units with a starting price of $256,500 to $325,000.
AHCC president said demand for attainable homes is steady in the city. The non-profit organization, a wholly-owned subsidiary of The City of Calgary, helps people get into home ownership by offering below-market prices on apartment condos and town houses with a $2,000 deposit requirement.
There is demand for service and homes because the vacancy rate in Calgary is low and the cost of renting remains high.
In the first quarter of this year, AHCC has sold 45 homes.