Homeownership Program

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 home owners and renting, be at least 18 years old, with a combined gross household income of $91,100 or less (maximum income level is updated annually). The applicant household must be eligible for a mortgage and the purchase price of the home must not exceed $396,166 (maximum purchase price is updated on a quarterly basis). A home inspection is required for resale homes. The home must be the sole and principle residence of the approved purchaser(s) ) for the duration of the loan period, and be located within Haldimand or Norfolk counties.

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 the 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.