Disclaimer:Details contained herein are for informational purposes only, and are not to be relied uponas a comprehensive or precise representation of the program, its terms and conditions or eligibility rules.
The Federal and Provincial governments partnered to fund a Home ownership Downpayment Assistance Program.
It is estimated the program can provide assistance for a limited number of households.
Downpayment assistance of 10% of the purchase price of an eligible home, up to a maximum of$22,520 is provided
by a 20-year forgivable loan registered on title as a second mortgage.
Completed applications will be generally processed on a first come, first servebasis having regard to a fair distribution of the program funds across Windsor and Essex County.
The program expires when program funds are depleted
or November 29, 2019, whichever occurs first.
An accepted Agreement of Purchase and Sale must be executed on or after May 27, 2019.
Closing date must be on or before March 31, 2020.
Applicants are not approved for any program funds solely on the basis of submitting an application.
All applicants are cautioned not to rely on program funds to purchase a home unless and until they receive a Letter of Confirmation confirming the application has been approved for program funds.
In order to be considered for funding and at all times during the program, applicants must meet and continue to meet program criteria and timelines, even if applicants have proceeded to subsequent stages of the process.
Highlights of program criteria include but are not limited to the following:
Applicants are 18 years of age or older and are a Canadian citizen or landed immigrant under the Immigration and Refugee Protection Act(Canada);
Applicants have a maximum foreign and Canadian annual gross household income as defined, at or below$86,600;
Applicants have a maximum foreign and Canadian household asset limit as defined, at or below $20,000. Assets do not include main form of transportation (e.g.car/van), furnishings, RRSP, RDSP and RESP;
Applicants/spouse as defined, do not currently own a home or have any form of interest in ownership of a home, but do not have to be first time home buyers;
Applicants seeking funds to offset construction costs on land they own are noteligible;
Applicants must be a renter household purchasing a home to be their sole and principal residence for the duration of the 20 year Loan Agreement;
Applicants qualify for a mortgage;
Purchase price of the home cannot be more than$225,200;
Agreement of Purchase and Sale must be executed on or afterMay 27, 2019;
Eligible homes can be new or resale and may be detached, semi-detached, town (condo and freehold), row houses, apartments, stacked homes and duplexes;
The home can be located anywhere in Amherstburg, Essex, Kingsville, Lakeshore, LaSalle, Leamington,Pelee Island,Tecumseh and Windsor;
Life lease arrangements are not eligible;
Resale homes require a home inspection at the purchaser’s expense;
New construction home must be subject to the Ontario New Home Warranties Plan Act;
Home inspections are strongly recommended for newly constructed homes. Cost of the inspection at the purchaser’s expense;
The applicant(s) accepts all responsibility for and liability arising from the home inspection;
Approved applicants will be provided with the CMHC Homebuying Step By Step-Consumer Guide;
Subject to all other program timelines, transactions closing after March 31,2020are not eligible;
Applicants must adhere to all program criteria and timelines throughout the process.
The Home ownership Downpayment Assistance Program Application Form and supplementary documents are available to download on the City of Windsor’s website. You may also request a Homeownership Program Application Form be mailed to you by completing and submitting the Request for Application Form provided on the City of Windsor’s website.
Applications can not be picked up at City Hall or at 400 City Hall Square East.