Welcome Home Niagara Homeownership Program


The purpose of the Homeownership Program is to:

  • Make home ownership a reality for low to moderate income households in Niagara
  • Ease the demand for rental housing by assisting renter households to buy affordable houses
  • Offer down payment assistance for homebuyers through a 5% forgivable loan to a maximum of $20,296
  • Encourage developers to build affordable housing

Eligible Buyers

To be eligible for a down payment loan a buyer must:

  • Be a Canadian Citizen, Landed Immigrant or have Refugee Claimant Status with no outstanding removal order
  • Be 18 years of age or older
  • Not own or have an interest in other residential properties or owe arrears to a government assisted affordable housing provider or Niagara Regional Housing (NRH)
  • Currently be renting and looking to buy a sole and principle residence in Niagara
  • Have a gross household income below $80,300 and assets below $30,000
  • Be eligible to obtain a mortgage
  • Provide documents to prove eligibility
  • Agree to register loan on title for 20 years

Eligible Homes

  • New homes (home inspection encouraged)
  • Resale homes (home inspection required at buyer’s cost)
  • Purchase price cannot exceed $405,930
  • May be detached, semi- detached, townhome, duplex or condo
  • Must be modest in size and features
  • Cannot be a home in which the buyer or any member of the buyer’s family has an ownership interest

Homeowner Assistance

  • Homeowners will receive 5% of the cost of an eligible home (maximum $20,296) at the time of purchase closing
  • No interest will be charged on the loan

Conditions for Repayment by Homeowner

The original down payment loan (plus five percent of increased value of the home) must be repaid if:

  • The home is sold before the 20 year period expires
  • The homeowner no longer lives in the unit
  • The homeowner agrees to voluntarily repay the loan
  • The homeowner is in default of mortgage or NRH loan agreement

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