The Homeownership Program provides down payment assistance to first-time homeowners who are qualified low-to-moderate income households wishing to purchase a home. Funding is provided in the form of a 20-year interest-free loan registered on title and up to 10% of the purchase price of the home.

To qualify for the program, applicants must be first-time homeowners and renting, be at least 18 years old, with a combined gross household income of $115,800 or less. The applicant’s household must be eligible for a mortgage and the purchase price of the home must not exceed $618,000. A home inspection is required for resale homes. The home must be the sole and principal residence of the approved purchaser(s) ) for the duration of the loan period, and be located within Haldimand or Norfolk counties. Applicants must also meet an asset limit policy that does not exceed $50, 000 (exemptions are not limited to owned vehicles per member of each household).

Funding is available on a first-come, first-served basis until all funds have been exhausted. Therefore, down payment assistance may not be available to all eligible applicants. Download the Home Ownership Application and return the completed application form along with the requested supporting documentation to Housing Services.

For more information on this program, contact a Housing Resource Coordinator, at 519.426.6170 or 905.318.6623 Ext. 3234 or 3235 or by email below.