If you are employed, you may be eligible to participate in our innovative Affordable Homeownership Program.

These homes are not available for rent and they aren't for sale on the regular real estate market. Instead they are reserved for families who work and save but still can't afford to buy a home in Wood Buffalo.

Through this option, families with qualifying incomes who would not otherwise be able to afford a home in Wood Buffalo can get specialized affordable mortgages on our newly constructed, modest, family homes. It is a unique opportunity for working families who are ready to commit to owning a piece of this dynamic community.

Each purchaser is responsible to arrange a first mortgage as part payment for the purchase of the home. Wood Buffalo Housing & Development Corporation will offer a second mortgage based on the family income.

269 of these homes sold through the Homeownership Program are located on the north end of Fort McMurray in Prospect Pointe and Meadow Creek Village.

Criteria

• Must have a bank account
• Must be a first time homeowner in the Municipality of Wood Buffalo
• Majority of the household income must be from employment or be employment related
• Must not exceed qualifying household income
• Must qualify for a first mortgage through a bank
• Must be a resident of the Regional Municipality of Wood Buffalo for a minimum of 1 year