Home ownership program offers help with down payments - Home ownership program offers help with down payments
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null Home ownership program offers help with down payments
March 3, 2015 -
Eligible renters in the City of Kingston or the County of Frontenac can apply to the home ownership program (HOP) for help with a down payment on a home. The program offers up to five per cent of a home's purchase price up to $14,000.
"We expect to help between 10 and 13 families or households become homeowners in 2015. We know that it can often be more economical to own a home than it is to rent and this program also helps people begin to build equity," says Sheldon Laidman, director, housing and social services.
Interested in buying a home in Kingston or the County of Frontenac? You may be eligible for the program if:
- your household has a combined, pre-tax income of less than $80,400;
- you are looking at homes priced at $280,000 or less; and
- you have no vested interest in any other real estate.
Interested households can find the home ownership program application (includes a list of required documents), fact sheet and the Canadian Mortgage and Housing Corporation Home-Buying Step by Step Guide at:
Applications for 2015 funds will be accepted until 4:30 p.m. Friday, March 13 at the main reception desk, 362 Montreal St., via email at Housing@cityofkingston.ca or by fax to 613-546-2623.
About the City of Kingston
The City of Kingston provides municipal services to 120,000 residents living in this visually stunning, historic city, often ranked one of the best places to live in Canada. In 2014, it was named a Top 7 Smart Community by the Intelligent Community Forum. Our vision – to become Canada's most sustainable city – focusses our efforts on: environmental responsibility, social equity, economic health and cultural vitality. Please visit www.CityofKingston.ca and join the conversation on social media.
Media contact: For more information contact Cindie Ashton, media relations officer, 613-546-4291, ext. 3116, or call the communications department at 613-546-4291, ext. 2300.