Government Grants

First Place Program (Edmonton)

Type:
Financial Aid
Availability:
Alberta

Summary

This program develops vacant school building sites into townhouses. Homes are market priced with a 5 year deferral on the land portion of the mortgage, which makes the houses more accessible to first time homeowners.

Eligibility

In order to qualify for this grant, you must meet the following:

  1. Must be able to obtain pre-approved financing
  2. Must be a first time home buyer in Alberta
  3. Must occupy condominium unit full time for the first five years
  4. Personal net worth must be $25,000 or less (this excludes RRSPs, vehicles and mortgage)
  5. Must be a Canadian citizen or permanent resident
  6. Must be employed and have a household income of less than $117,000

Additional Information

How to Apply

Contact the builder developing available listings (Rohit Communities, Landmark Group)

Contact the financial/lending institution you belong to that is familiar with this program

Resources

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