PEAK Home Ownership is a new and innovative, made-in-Alberta attainable home ownership program.  PEAK stands for Public, Essential and Key Workforce, the core applicant base for the program.  PEAK is designed to provide a broad swath of moderate-income Calgarians with the opportunity to achieve home ownership, and provides up to $56,000 in equity financing and mortgage assistance.

It’s for people such as entry-level nurses, fire fighters, health care and public sector workers, skilled trades people, clerical and service industry professionals who are key to a vibrant Calgary.  “We estimate this represents well over 25,000 families who are currently paying relatively high rents, but who lack the savings for a down payment or who’s income falls slightly below market qualifying levels; but who have stable employment, moderate debt and good credit histories,” says Trico Vice-President Corporate and Community Relations.

Approved families will find their dream home one-, two- or three-bedroom units in Trico’s popular Milano multi-family project in Panorama Hills. Habitat will manage and administer the program, review all applications, approve the qualified applicants and work with each individual family to ensure success.