The Affordable Home Ownership program by Chatham-Kent Housing Services

Affordable Home Ownership

The Investment in Affordable Housing (IAH 2014 Extension), Homeownership Program is being delivered by Chatham-Kent Housing Services on behalf of the Federal and Provincial governments. The Affordable Home Ownership program provides individuals and families with a loan for the down payment on a home.

Applications are now being accepted!

If you qualify, you can receive 7% of the purchase price of a home,

up to a maximum of $7,300. Funding is in the form of a 20 year interest-free loan registered on title.

The home must:

Be located in the Municipality of Chatham-Kent
Have a maximum purchase price of $153,900
Be approved by Chatham-Kent Housing Services Division
Have a home inspection completed by a Registered Home Inspector or Associate/Applicant Member of the Canadian Association of Home and Property Inspectors. The cost of the inspection is at the purchaser’s expense.

To qualify you must…

Be at least 18 years old and currently renting
Not own or not partly own another home or property
Not owe money to a Social Housing landlord
Be a legal resident of Canada
Have a total gross household income of $68,000 or less
Be eligible for a mortgage at a recognized financial institution
Intend to have this home as your one and only residence (you cannot transfer or lease it to someone else)

How do I apply?

Read the CKHS Home Ownership Fact Sheet
Complete and sign the CKHS Home Ownership Application Form
Deliver or mail your completed application form to CKHS with all of the required supporting documents

For a copy of the application:

Call CKHS to have an application mailed to you
Visit the CKHS office during regular office hours: Monday to Friday (excluding holidays) 8:30 a.m. to 4:30 p.m.
Note: Details are subject to change at the discretion of the Chatham-Kent Housing Services Division (CKHS) and per the requirements of the Ministry of Municipal Affairs and Housing.
Be sure to check back regularly for updates!

The Affordable Home Ownership program by Chatham-Kent Housing Services
https://www.chatham-kent.ca/HousingServices/housingprograms/Pages/HomeOwnership.aspx

Learn more about Forgivable Canadian real estate grants at
www.GovernmentGrantsCanada.ca

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