The purpose of the BHC is to help the Town of Banff maintain a healthy and balanced community.
This purpose is achieved by:
Developing and maintaining quality, value-priced housing on BHC sponsored housing projects
Removing the developer’s profit
Providing housing of various types and densities
Providing efficiency in housing types and development methods
Researching methods of financing and obtaining financial support at the best possible rates
The Banff Housing Corporation is bound by the following:
To operate in a not-for-profit and user-pay manner
Not to receive subsidy from the taxpayer
To develop quality housing in response to current market conditions
Since its establishment in 1993, the Banff Housing Corporation has built a total of 163 family housing units for home ownership in the Middle Springs area of town. BHC initiatives are specific to home ownership: the BHC does not maintain a rental housing portfolio of significance, although the it does have two apartments in the downtown core.
