Region of Waterloo Affordable Home Ownership Program

Did you know that the Region of Waterloo has an Affordable Home Ownership Program? Read on to learn about it!

What is the Affordable Home Ownership Program?

The Affordable Home Ownership program provides individuals and families with a loan for the down payment on a home.

If you qualify, you can receive five per cent of the purchase price of a home. The home must be:

• Located in the Region of Waterloo
• A maximum purchase price of $249,500
• Approved by the Region of Waterloo

Are you eligible to apply?

To be eligible to apply, you must:

• Qualify for a mortgage
• Have a maximum household income of $74,865
• Be at least 18 years old and currently renting
• Not own or have an interest in a home
• Not owe money to a Community Housing landlord
• Be a legal resident of Canada
• Intend to have this home as your one and only residence

How do I apply?

Visit The Region of Waterloo’s website to learn the most current information and complete the application: http://communityservices.regionofwaterloo.ca/en/housing/affordablehomeownership.asp

You can also call 519-575-4400 ext. 3219 to have an application package mailed or faxed to you.