Down Payment Assistance

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Can I really own for just $2,000?

Yes! Attainable Homes Calgary offers you a unique way to, well, “attain” your home! If you dream of homeownership but are finding it difficult to save for a down payment, you’re not alone. That’s why we’re here. We were created by The City of Calgary in 2009 to help provide affordable homeownership options to Calgarians. We do this through down payment assistance. 

How does the program work? 

It’s an easy process. Connect with us and we will introduce you to one of our many partnered mortgage specialists who will work to qualify you for a mortgage pre-approval. With that in hand, you can select from one of our homes at REACH Martindale or any of the other homes available through our program. Normally, without our program, you would need to provide your mortgage lender with 5% of the purchase price of the home you’re looking to buy. That’s a lot of money that many of us don’t have saved up. Through our program, you only need $2,000. We provide an interest-free loan for the remainder of the 5%. You now have access to the stability and freedom that homeownership offers for just $2,000. 

What happens if I need to sell my home? 

No problem. You simply exit the program. Even if you'd like to stay in your home but take Attainable Homes off your property's title, you can also exit the program. That's when you pay back the down payment loan and share a portion of any appreciation (growth in homes value) with the program. The amount of appreciation that's shared depends on the amount of time you've lived in the home. In other words, if the home increases in value, you share a portion back with the program to help pay-it-forward to more deserving Calgarians. You’ll notice below that you reach your maximum share after you’ve spent five years in your home.

Year of Ownership* Your Share of the Home’s Appreciation
0-1 year 0%
1-3 years 25%
3-5 years 50%
5+ years 75%

Let's Get Started


Contact Us

We want to help you attain your new home. We’d love to help answer any questions you may have about the homes in REACH Martindale or about our down payment assistance program. Please fill out the form below and we will contact you as soon as we’re able.

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