Quote:
Originally Posted by Cowboy89
I have a question about Attainable Homes Calgary:As I understand it from the Report to the Community posted on their website, they recieve their downpayment gifts to homeowners back in the form of a claw back on the appreciation in equity. What if hypothetically there was no price appreciation over the next the some odd years? Would this have a negative effect on the city's budget and would that have to ultimately be passed on to taypayers?
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Well the claw back is a percentage of the sale price, so while I can't say whether that would effect the municipal budget, I can see how it works. Attainable Homes would basically always get their money and depending on when the property was sold they might get the lions share. I think its a great program for a number of reasons, one of which is that it looks to be sustainable (although I haven't done a ton of digging).