The Homeownership Program aims to assist low-to-moderate income renter households to purchase an affordable home by providing 10% down payment assistance in the form of a forgivable loan. This Program provides renter households with the opportunity to move to homeownership thereby freeing up rental units, encouraging developers to build affordable housing and fostering demand.
Applications for the new down payment assistance program are now being accepted. Funding will be made available in 2012 and 2014.
Program details, eligibility requirements and Applications are available now.
For more information please contact Mike Mifsud at mike@Barrie-Realty.com