As an affordable housing co-operative, we offer lower housing charges than regular market rental costs to those who qualify. The applications process is simple; download the application, fill it out completely and have it signed by a Commissioner of Oaths or Notary. Submit your application package to the office administrator; including supporting documents, along with the $50.00 application fee per adult for processing. Your application is passed on to the Board of Directors for review and only those applications chosen by the Board will be contacted for an interview. Once interviewed, the administrator will notify the applicant of the Boards decision. Approved applications may be offered a unit (if available) or to be put on the wait list.
Smoking is not permitted within units and is only permitted on a unit deck, patio or balcony.
Our Operating Agreement states that Hi-Wood Meadows Housing Co-op may not accept new households whose annual income is higher than the income ceiling CMHC sets for the year. The 2024 maximum income an applicant household may have is $141,060.00. This ceiling is set at the 65th percentile of household income as found in the most recent Survey of Household spending in the Province of Alberta published by Statistics Canada.
Hi-Wood Meadows Housing Co-op is made up of a total of 62 units; 41 townhouses and 21 apartments. All unit monthly housing fee charges include parking, heat and water/sewer/garbage/recycling.
Approved applicants upon acceptance of being offered a housing unit are required to pay a Share Purchase in the amount of $2,500.00. Half of the non-refundable Share Purchase amount of $1,250 must be provided to the Office by guaranteed funds within 48 hours of submitting acceptance, in writing, of the offered unit. The remainder $1,250.00 of the share purchase amount must be paid in full before the member receives keys to the housing unit or takes occupancy. The new member will arrange for hook-up of all utilities and services that are not included in the housing charge (ie. electricity, television, internet) and are to be in effect upon move in. The new member will provide the Office with a copy of their insurance for content and liability. (Townhouse members insurance must also include sewer back-up).