Tru­man backs at­tain­able hous­ing

Apart­ment units of­fered in de­sir­able Ma­hogany com­plex

Calgary Herald - Calgary Herald New Condos - - New Condos - MARTY HOPE

The hous­ing in­dus­try and the City of Cal­gary con­tinue to work to­gether to un­lock the door to home own­er­ship for those who might oth­er­wise never have that dream ful­filled.

And again Tru­man Homes has stepped to the fore by pro­vid­ing the At­tain­able Hous­ing Cal­gary Cor­po­ra­tion (AHCC) with 69 units in 51 Oak, the company’s new­est apart­ment con­do­minium de­vel­op­ment in the south­east com­mu­nity of Ma­hogany by Hopewell Res­i­den­tial Com­mu­ni­ties.

The 51 Oak com­plex is made up of 218 units spread be­tween three build­ings. The 69 units ac­quired by AHCC is one unit short of a com­plete build­ing.

For the fam­ily-owned home builder, this is the fourth time it has part­nered up with AHCC in its bid to pro­vide hous­ing for those who can af­ford home own­er­ship, but who strug­gle to save enough for a down pay­ment. Pre­vi­ously, units in SkyWest, West­bury Park and Skymills were made avail­able.

“There is a grow­ing de­mand for at­tain­able homes so we’re happy to help when we have units that work with the cri­te­ria of the AHCC pro­gram,” says Tony Trutina of Tru­man Homes. “We be­lieve giv­ing back to the com­mu­nity is some­thing we want to do for a city that has been a great place for our business and for our fam­ily to call home.”

Qual­i­fy­ing Cal­gar­i­ans can buy a brand new one- or two-bed­room apart­ment at 51 Oak start­ing at $212,000 and with a de­posit as low as $2,000 and a min­i­mum mort­gage amount of $201,400, says David Wat­son, AHCC’s pres­i­dent and chief ex­ec­u­tive. De­mand for at­tain­able homes has been strong as rental vacancy rates re­main low and home prices con­tinue to rise, he adds. Ac­cord­ing to fig­ures from the Cal­gary Real Es­tate Board, the me­dian sell­ing price of an apart­ment condo is $287,500

The units pro­vided by Tru­man in­clude a 600-square-foot, onebe­d­room-plus-den floor plan and five two-bed­room plans mea­sur­ing about 1,000-square feet. They come with an in-suite washer and dryer, stain­less steel ap­pli­ances, gran­ite coun­ter­tops, cork floor­ing and main­te­nance-free decks with bar­be­cue out­lets.

“A con­tem­po­rary apart­ment com­plex in a lake com­mu­nity like Ma­hogany is a great op­por­tu­nity for young cou­ples and new fam­i­lies,” says Trutina, adding that an on-site child care fa­cil­ity makes 51 Oak very fam­ily friendly.

Five years after be­ing in­cor­po­rated as a non-profit, wholly owned sub­sidiary of the City of Cal­gary, and three years after start­ing to sell homes, AHCC just re­cently sold its 500th home, says Wat­son. As well, 15,000 peo­ple have ex­pressed an in­ter­est in own­ing an at­tain­able home by reg­is­ter­ing at At­tainYourHo­me.com and more than 3,700 have com­pleted the AHCC’s manda­tory home ed­u­ca­tion ses­sion.

“What’s re­ally ex­cit­ing is that we’ve found a way to con­tinue de­liv­er­ing at­tain­able homes with­out any grant fund­ing, which means we aren’t bur­den­ing the tax­payer to pro­vide this ser­vice,” says Wat­son.

AHCC has sold homes in 11 dif­fer­ent com­mu­ni­ties and in ad­di­tion to Tru­man, the cor­po­ra­tion has worked with six other part­ner builders and de­vel­op­ers, in­clud­ing Avalon Master Builder, Cidex De­vel­op­ments, Lex­ing­ton De­vel­op­ment Man­age­ment, Mat­tamy Homes, Part­ners De­vel­op­ment Group and Street­side De­vel­op­ment Cor­po­ra­tion.

“With the support of Tru­man Homes and our many other part­ners, we are able to pro­vide beau­ti­ful, mod­ern homes at be­low-mar­ket prices,” says Wat­son.

For in­for­ma­tion on how to pur­chase an at­tain­able home, visit At­tainYourHo­me.com.

For in­for­ma­tion on Tru­man Homes, visit tru­man­homes.com.

Pho­tos: For the Cal­gary Her­ald

At­tain­able hous­ing can have style as Tru­man Homes has proven in its lat­est de­vel­op­ment.

Homes at 51 Oak start at $212,000 with a de­posit as low as $2,000.

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