Monday, February 23, 2009

Who is can apply for Ontario Affordable Housing Program?

To be eligible for the down payment assistance, the prospective purchaser must meet the following minimum criteria:
  • Minimum age of 18 years with a gross household income below $62,600
  • Total assets of the household can not exceed $20,000.
  • Be a renter household in the County of Simcoe.
  • Purchase a sole and principal residence within the County of Simcoe.
  • Cannot own or have an interest in a house or land.
  • Be able to secure financing on the property.
  • Must not owe any social housing provider arrears.
  • Complete a homeownership application and provide all necessary documentation.

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