Category Archives: McPherson Place

Home, attainable home

March 1, 2014

A huge success, McPherson Place sold out in six months, with 58 units going to the Calgary Housing Authority to be rented out at affordable rates.

Homes were sold to qualified purchasers for between 65 and 70 per cent of market value with zero down payment. The remainder of the home’s equity is owned by InHouse, to be bought out at the end of a 10-year period.

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When Buying a Home Becomes a Realistic Choice

September 1, 2013

At present, InHouse has completed one project, McPherson Place, a 160-unit building in the inner-city neighbourhood of Bridgeland on lands purchased from the City at market value. Due to the non-profit designation of InHouse, payments to the City for the land are deferred for 10 years.

“The value of the not-for-profit is that we can negotiate relationships with government, whereas a developer can’t,” says InHouse founder and president of the society Judy Hoad. “You can’t do that with a private sector developer — at least, in my view, you shouldn’t.”

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