Edmonton, July 8, 2008 – Edmonton has launched an innovative program to help qualified first-time home buyers own their own homes.
“First Place is going to make a huge difference for eighty-five working families who want to purchase their first home in Edmonton’s hot economy. This is really about attracting and maintaining a very strong and skilled labour supply in Edmonton,” said Mayor Stephen Mandel. “Edmonton has a multi-pronged strategy to provide a wider range of housing options for people and I think First Place will be a very welcome option.”
Councillor Karen Leibovici, Council lead on housing initiatives, welcomed the opening of the unit draw. “This program makes smart use of our existing infrastructure while creating opportunity for first-time homebuyers through the five year deferral on land payments. For those with the qualified income levels who haven’t been able to enter the housing market – the time is now.”
The City will accept applications to purchase the town homes from July 8- August 8 with the unit draw taking place August 12. There are 85 new town homes for qualified first-time homebuyers whose combined income is between $69,000 – $88,000. All application forms and information on First Place is available at www.firstplaceedmonton.com.
Locations and type of housing:
The two sites are in the communities of Greenview and Canon Ridge.
Greenview Landing (43 town home condominium units with full unfinished basements). Located in southeast Edmonton, east of 62 Street between 38th and 40th Avenues.