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Langford helping families enter housing market

10/20/2021

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The City of Langford is stepping up to give a hand to residents struggling to get into the housing market. On Monday, Langford announced a $3 million Attainable Home Ownership program, which will pay up to 75% of a 5% down-payment for a two-bedroom condo in the city.

“It’s tough for young families to get into the market, even in Langford,” Mayor Stew Young said in a news release.

The amount of funding available is based on gross annual household income. Families with incomes less than $99,999 receive 75%, while those between $100,000 and $115,000 receive 50%. Households with incomes up to $125,000 receive 25%.

The two-bedroom condos are being offered at a set purchase price of $450,000.

“This program comes at the height of a major housing crisis across the region and will assist those Langford families who could afford a mortgage payment but are struggling to save the amount necessary for a down payment," Young told CHEK News. "We want to see more Langford residents in a position where they can purchase their own home.”
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  • Membership
    • Why Join?
    • Job Board
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Chamber Local
    • 1863 Impact Award
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
  • Events
    • Signature Events >
      • Annual Auction
      • Business Awards
      • Business Hall of Fame
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Event Photos 2023
    • Sponsorship
  • News & Advocacy
    • Weekly BizNews >
      • BizNews-articles
    • Advocacy / Wins for Business >
      • Advocacy Wins
      • Business Property Taxes
      • Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
    • Non-market housing
    • Find and keep workers
    • Business Matters Magazine
    • COVID-19
  • 1863 Home
  • About Us
    • Emerge >
      • Emerge Events
      • Emerge Mentorship
      • Emerge Connect
    • Staff Directory
    • Board & Governance >
      • Governors
      • By-Laws, Plans & Reports
      • Committees
    • Chamber History
    • Partners & Sponsors
    • About Victoria >
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