ULI British Columbia: Insights with Mayor Young
Langford Attainable Home Ownership Program
This pilot program provides down payment assistance to families to help them purchase a two-bedroom condo in participating new developments that have a purchase price of no more than $450,000. This program is intended to help people who may qualify for a mortgage but are unable to save the minimum down payment. The City is exploring opportunities to expand the unit type offerings to include studios, one bedroom and three bedroom units.
The City of Langford has always been about hard work and it recognizes the hard work of individuals and families looking to secure affordable housing. Creating unique opportunities for residents is a foundation upon which Langford was built. The Attainable Home Ownership Program is not a loan, it’s a gift, a boost and a jump-start for their life and the lives of their families.
Webinar Summary: This pilot program provides down payment assistance to families to help them purchase a two-bedroom condo in participating new developments that have a purchase price of no more than $450,000. This program is intended to help people who may qualify for a mortgage but are unable to save the minimum down payment. The City is exploring opportunities to expand the unit type offerings to include studios, one bedroom and three bedroom units.
The City of Langford has always been about hard work and it recognizes the hard work of individuals and families looking to secure affordable housing. Creating unique opportunities for residents is a foundation upon which Langford was built. The Attainable Home Ownership Program is not a loan, it’s a gift, a boost and a jump-start for their life and the lives of their families.