
BMAHC was established in 2014 with a Board comprised primarily of volunteer members in addition to the Mayor and one other Councillor from Town Council. The Corporation has launched two programs to date offering eligible persons a grant for establishing a Secondary Suite and another program that provides interest free loans for Down Payment Assistance to purchase a home.
Rising house prices have been consistently outpacing wages and have created a significant gap between what households are earning and what is required to rent or own a home in Town of The Blue Mountains (TBM). Further income inequality arises from a high proportion of TBM’s population with annual income over $150,000 (20% compared to 12% in the region). Local wage earners are left to compete with buyers and renters with significantly higher incomes.