Owen Hart Home Owners Program
Learn, earn, save and thrive!
If saving for a home downpayment feels out of reach, this program can help. The Owen Hart Home Owners Program offers people living on a lower income the opportunity to save for a downpayment while focusing on money management and home ownership finances.
Participants accepted into the Owen Hart Home Owners Program can save for up to five years for their home downpayment. During this time, they regularly attend financial consultation sessions and participate in seminars on home purchase and ownership.
The minimum recommended savings is $250 per month towards the home downpayment. Participants save for up to 60 months. Upon home purchase Momentum matches the participants’ first year savings 2:1 to a maximum of $6,000. With this savings plan, the participants will have saved at least $15,000 of their own money, bringing the potential down payment to $21,000.
What you will get from this course
Take-home resources
You will be provided with planning tools, worksheets, and other resources to support you on your journey.
Frequently Asked Questions
What is the Income Criteria for this program?
How does Momentum match my savings?
Am I guaranteed a spot in the program if I apply?
What do I have to do to participate?
Is this a scam? Where do the matched savings come from?
Income Criteria
To qualify for this program, your household must be living on a low income, below the following cut-off chart (before tax).
Household Size
1 person
Monthly:
$3,182.83
Yearly:
$38,194.00
2 people
Monthly:
$3,962.42
Yearly:
$47,549.00
3 people
Monthly:
$4,871.33
Yearly:
$58,456.00
4 people
Monthly:
$5,914.33
Yearly:
$70,972.00
5 or more people
Monthly:
$6,708.00
Yearly:
$80,496.00
Watch video on external site.
Momentum participant Rocio Martinez shares her story with CTV's Darrel Janz on Inspired Albertan.
Is this program right for you?
Do you qualify?
Applicants must be living on a lower income (see Income Criteria Table).
You are over 18 years of age.
You are a permanent resident or citizen of Canada.
You live in Calgary and area (or if you are Indigenous, Inuit or Metis living in surrounding Treaty 7 territory).
You are not full-time student (some exceptions apply for: English language courses, upgrading, employment training programs, etc).
Your household is living on a low income, and it is below the income cut off in the chart above (before tax).
You have a net worth no greater than 50% of the Income Criteria stated above (some exceptions apply).
You carry debts amounting to no more than 50% of your total gross annual income (some exceptions apply).
If you have questions about these qualifications, scroll down to contact our Welcome Team.
Next available sessions
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Contact our Welcome Team
Our knowledgeable Welcome Team is happy to support you. Please contact us by clicking below or by calling 403-272-9323, and you will receive a response within 3 business days.
Owen Hart Home Owners Program
Learn, earn, save and thrive!
Dates vary
Part time
Evening
Lower income, Indigenous, Women, Program graduates
Free
Online, In person
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