Down payment Assistance Saskatoon, Saskatchewan

Moderator: Flipping4Profit.ca

Post Reply
Flipping4Profit.ca
Posts: 4496
Joined: Wed Mar 29, 2006 5:04 pm
Contact:

Down payment Assistance Saskatoon, Saskatchewan

Post: # 45592Post Flipping4Profit.ca
Mon May 11, 2015 12:44 pm

Equity Building Program — Saskatoon, Saskatchewan
Equity Building Program — Saskatoon, Saskatchewan

Goal


Assist moderate-income households to move from rental accommodation to homeownership.

Target Group

Households with moderate annual incomes, between $44,500 and $80,000, who are currently renting their dwelling.

Synopsis


Moderate-income Saskatoon residents who rent their dwelling can now enter the homeownership market through an innovative partnership between the City of Saskatoon and Affinity Credit Union. The Equity Building Program, launched in 2011, provides down payment assistance for qualifying homebuyers. The program helps families to purchase a home and start to build equity, while their down payment loan repayments are returned to the program to fund loans for future homebuyers. The City of Saskatoon provided the start-up funding and promotion. Affinity Credit Union manages the program. The program's target is to support 250 households over a five-year period.

more info at
http://www.cmhc-schl.gc.ca/en/inpr/afho ... fi_006.cfm

Post Reply