Neighbourhood First-time Homebuyer Program

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First-time Homebuyers Program

First-time homebuyers in Edmonton will get a break. A unique, made-in-Edmonton program will put up to 1,000 new homes on the market and help ease Edmonton’s new home crunch.   U' b8 |+ r) t. yThanks to an exemption to the Municipal Government Act and the support of Edmonton City Council and the Edmonton-area school boards, the First-time Homebuyers Program willtransform 20 unused school sites in city neighbourhoods into potential locations for new homes. ! @, `5 Q( ~# D7 }. i  o' C* d& N! Z" | First-time Homebuyer Program: FAQ 7 \& Y+ O6 x" K, T1 d2 q/ W( J 5 x' a. G% N: M! ~          Keep informed of the First-time Homebuyer Program with the First-time Homebuyers Program e-Newsletter. Sign up to have the latest news and updates e-mailed directly to your inbox. $ r; v9 Y9 J+ ` Subscribe / ~+ E* E% G4 {& |0 ]0 O9 E

	For more information contact
Citizen Action Centre 1 Sir Winston Churchill Square Edmonton, AB T5J 2R7 Phone: (780) 496-8200 ( ?7 h/ {: K$ pFax: (780) 496-8210 / P9 l0 L( Z8 }% pE-mail: cacentre@edmonton.ca   x( M) C# }0 g- j( ]; L( F

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还得等两年,不知道价格会到多少?

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First-Time Homebuyers Program Update - March 23, 2007
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We appreciate the growing interest in this made-in-Edmonton solution to help relieve the housing pressure in our city. We are committed to keeping you informed as we continue to develop this innovative program.
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" t7 S8 V" Y+ N5 o* PProgram Elements
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We are working towards the April deadline for finalizing deliverables and timelines associated with the program elements.

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Eligibility: Eligibility principles are being discussed, which will determine who may access the program.
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& u, l- H; Y7 OBuilders: We are evaluating a variety of alternatives regarding how new houses may be developed.

Advisors: We have identified a need to draw on private and public sector expertise as we plan program implementation. Groups from both sector have been invited to participate and support the development of the program.

Homework

看了几个图纸，都是公园旁边的地，把原来绿地旁边房子的view全挡住了 ...
* T! F/ I) j$ l0 d- L6 x. V对于那些owner, 这招够狠的！
- X! {$ a: `! h# f! J% j; T难怪前一阵Twin Brooks反对呼声那么强烈。
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[ 本帖最后由 Homework 于 2007-3-23 23:55 编辑 ]

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来源
http://www.industrymailout.com/I ... 73242&qz=f7fb01

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. O1 P4 s" F' M# MBuyer Criteria Established

* n) Y: |7 e! K0 {/ F3 a4 ?In Edmonton’s hot housing market, there are many different demands for a wide range of housing.

" j$ z, x- e% \1 u  O9 W, d8 |( ^The First-time Homebuyers Program is designed to address income-earners who are within 5-10% of the purchase price for their first market-priced home.

& A2 D9 I; ?1 K1 `$ `, G0 _6 T8 GThe Program enables a five year deferred payment on the market value of the land (established at time of sale).
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4 o& u! p- Y+ D4 oBuyer criteria have been identified in consultation with industry advisors from:
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Canada Mortgage and Housing Corporation
+ g0 ?3 U6 B  ]. _a major financial institution
1 e4 [/ K. e- u/ c2 eEdmonton Home Builders Association
; H4 r* Z% ^+ M; J# X/ w: A/ eFeedback from residents in the two pilot sites in Greenview and Canon Ridge communities was also considered when developing the criteria.
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Buyer Eligibility Criteria:

Buyers must be first-time homebuyers.
" {  i6 p$ F3 ^8 c! q$ CBuyers must be Canadian citizens or have permanent resident status.
Buyers must qualify and have pre-approved financing for the market value of the home – exclusive of the value of the land (maximum 35 year mortgage amortization).
& j  b' X0 T. LBuyers’ family income will not exceed a maximum level (to be determined).
! C& b* w( N! d. P) F! ZBuyers may not have a net personal worth exceeding $15,000 excluding primary vehicle and 5% down payment for the mortgage.
The First-time Homebuyers Program has developed guidelines to prevent speculative real estate investment or "real estate flipping".
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Additional requirements for successful applicants:

" N8 s' \# i/ l2 P( s% Y1 J. UBuyers will be required to sign a statutory declaration confirming they meet the requirements.
: c+ d9 W- ?1 K9 d; MBuyers must be owner-occupants of their home for the five year term.
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Next Steps:
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The Working Committee is developing processes for lottery draws for each of the 20 sites. Proof of eligibility will be required. Eligible applicants can apply to any of the 20 sites. Only one application per family per site will be accepted.

% i( G' ?! |; L% d! K0 HNo applications accepted yet.

The First-time Homebuyers Program will widely advertise the lottery draw process when ready to accept applications. There will be no waiting list.
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The lottery draw process to purchase homes in the first two pilot sites will be announced after construction has begun to allow determination of final building costs and purchase price.
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0 u+ A' y; ?- j1 |& Q6 lConstruction of the two pilot sites is expected to begin in early Spring 2008.