10% Down payment Assistance Program Kawartha Lakes-Ontario

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10% Down payment Assistance Program Kawartha Lakes-Ontario

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Sun Apr 12, 2015 9:06 am

10% Down payment Assistance Program Kawartha Lakes-Ontario

2015 Home ownership 10% Down payment Assistance Program

April 2, 2015 - If you’re renting and have been dreaming of owning your own home but don’t have a sufficient payment in the bank, there may be help.

The City of Kawartha Lakes is participating in the Home ownership Component of the Investment in Affordable Housing for Ontario – 2014 Extension which was developed to assist low-to moderate-income rental households to purchase affordable homes.

“The Home ownership program provides up to 10% in down-payment assistance to eligible applicants,” said Hope Lee, Manager of Housing. “We currently have funding in the amount of $75,000 to assist people in the City of Kawartha Lakes and the County of Haliburton move into home ownership.”

Applicants must be renting, be at least 18 years old, have a gross household income at or below $73,800 and be eligible for financing from a financial institution. The selling price of the home must be at or below $253,308. Applicants must also be a first time home buyer and the home must be located in the City of Kawartha Lakes or the County of Haliburton.

Applications can be obtained online at http://www.klhhousinghelp.ca or from the City of Kawartha Lakes Housing Department. For more information please contact Hope Kalisz, Affordable Housing Program Coordinator at 705-878-9367 x 3109.

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