Home Ownership Program

Posted on: Wednesday, October 3rd, 2012

This blog is intended to increase awareness about the Home Ownership Program that is provided by the Social Housing Department of the County of Simcoe. This week I have encountered my first purchase in which the purchasers are already taking advantage of this program. It aims to assist those individuals currently renting who have a low to moderate income to purchase an affordable home. The program includes 10% down payment assistance in the form of a forgivable loan, which is a loan that is made with the understanding that if the borrower meets certain requirements, repayment of the loan will not be fully required. A guide outlining the details of the program as well as where to obtain an application can be found by clicking here. This is Great information to be able to pass on to those renting and wanting to get into home ownership. I suggest you check it out.

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