Tucked along Church Street in Amherst, NS, the Groves is a unique affordable homeownership initiative created to help renters transition to owning their own home.
This community is more than just a place to live. A home here provides the foundation you need to stop worrying about what’s next and start planning for what’s possible. Enjoy the freedom of a quiet, secure base where you can put down roots, get to know your neighbours, and enjoy life at a pace you choose.
3 Layouts to Fit Your Budget and Lifestyle
$187,500
The Parkland
- Bedrooms 2
- Bathrooms 1
- 856 sqft
- Energy efficient stove, dishwasher, refrigerator, washer/dryer combo, heat pump
$127,500
The River
- Bedrooms 2
- Bathrooms 1
- 567 sqft
- Energy efficient stove, dishwasher, refrigerator, washer/dryer combo, heat pump
$120,000
Fox Valley Duplex
- Bedrooms 2
- Bathrooms 1
- 592 sqft
- Energy efficient stove, dishwasher, refrigerator, washer/dryer combo, heat pump
The biggest hurdle to buying a home is often saving for a down payment. At The Groves, mortgage payments start at $681 per month and zero down payment is needed. Our shared equity model allows us to keep these costs low and finally makes owning your own home a reality.
How We Do It
United Way holds approximately 25% of each property's equity, significantly lowering your overall purchase price and keeping your fixed monthly mortgage predictable and low.
Features
- Energy-efficient appliances
- Shared community amenities
- Beautiful location and views
- New build, move-in ready homes
- Pet-friendly living
How to Qualify
- Stable household income between $50,000 and $80,000
- Living or working in Amherst or surrounding area, or desire to relocate
- Plan to live full time in the home
Limited number of homes available
Frequently Asked Questions
Do I really not need a down payment?
That’s right! Under the United Way Maritimes shared equity model, buyers do not require a down payment. United Way Maritimes holds a 25% share in the home to bridge the financial gap.
What happens when I sell the home?
Every month when you pay your mortgage, a portion goes toward paying off the actual cost of the home (this is called the mortgage principal). When you sell, 100% of that paid-down amount goes straight into your pocket.
In addition to getting back the amount you pa down, you also earn extra money because your home will gain value over time. The extra value gained is tied to the Consumer Price Index (a measurement for how much inflation raises prices on things like homes, groceries and gas) and can mean up to 4% value gained each year.
Are there additional closing costs?
While there is no down payment, standard deed transfer taxes and legal closing fees still apply at purchase.
As a single applicant, can I qualify on my own?
Absolutely! The $50,000 to $80,000 threshold applies to the entire household income. If your individual annual gross income falls within that range, you meet the financial requirement as a single buyer.
Am I able to apply with a co-signer?
Yes! Co-signers are accepted. While final approval rests with the mortgage lender (such as Mosaik Credit Union), adding a co-signer is a common path to help meet lender requirements and secure your home.
What will my monthly housing expenses actually look like?
As a homeowner at The Groves, your monthly budget will consist of four main components:
- Mortgage payment: Estimated between $681 and 973 / month (based on standard pre-approval rates through Mosaik Credit Union).
- Condo/maintenance fee: A low $120 / month bare-land condo fee covering common area maintenance, street lighting, snow removal on main accessways, and landscaping upkeep.
- Property taxes: Assessed by the Town of Amherst (billed annually or built into your monthly mortgage).
- Utilities: Electricity and heating (ductless heat pumps and baseboards) billed separately based on your personal consumption.
Are pets allowed at The Groves?
Yes. Pets are welcome, making it easy to move in with your fury, scaley, or feathered friend.
What if my credit score isn't perfect?
Our application process focuses on overall stability and readiness. We work alongside partner advisors to help guide candidates through financial preparation.
These beautiful, energy-efficient homes are designed for relaxed, low maintenance living. Discover if you qualify for our affordable homeownership program today.
How Shared Equity Works: 3 Simple Steps
Verify Your Income & Eligibility: Income threshold: $50,000 – $80,000.
Confirm that your gross household income falls between $50k and $80k per year and that you live or work in Cumberland County.
Get Pre-Approved With $0 Down: Partnered financing through Mosaik Credit Union.
Secure mortgage pre-approval for $127,000 – $182,000. United Way Maritimes retains ~30% equity, eliminating the need for a lump-sum cash down payment.
Move In & Build Equity: Predictable monthly payments.
Move into your brand-new, energy-efficient home in Amherst. Your monthly payments go toward paying off your mortgage principal while you enjoy long-term housing security.
Take the First Step Toward Owning Your Home
Fill out the form below to receive immediate information on available units and start your eligibility check.