Owen Hart Home Owners Program
Do you want to be a homeowner? The Owen Hart Home Owners Program is a free program that offers people living in low-income situations the opportunity to save for a down payment for a home. It also helps develop increased money management skills with an emphasis on homeownership issues.
How does it work?
Participants will attend regular workshops, peer group meetings, and one-on-one consultation sessions to better understand their needs as a homeowner and how to select their perfect home. During this time, participants will deposit between $100 – $250 per month for one year, saving $3,000. After one year, savings are matched at a 2:1 ratio ($2 for every $1 saved) for a combined total of $9,000, which they can put towards the down payment of a new home.
Who is eligible?
You are eligible for the program if you live on a low income and have successfully completed a Matched Savings Program for Adults or Youths in Calgary, either at Momentum or one of our Aspire Community Partner Agencies. More information on the program can be found at the Owen Hart Foundation website.
Owen Hart Home Owners Program Success
Video: CTV’s Inspired Albertan: Rocio Martinez speaks to CTV’s Darrel Janz about overcoming barriers as a new Canadian and a solo mother. Rocio was able to purchase a home and build a stable life for her family, thanks in large part to Momentum’s Owen Hart Home Owner’s Program.
More success stories:
115+ homes have been purchased through the Owen Hart Home Owners program. There have been 0 foreclosures reported by program participants to date. “It’s everything for us. As a first-time home buyer, it’s a huge investment for us.” – Veeresham
If you’re ready to make your dream of becoming a homeowner a reality, contact us at 403-204-2661 or fill out the form below.
Financial Partners
