Closed
Affordable Homeownership Program
Down payment assistance for homebuyers
Last Update: April 29, 2026
Funding available
$ 35,000
Timeline
- Receipt of requests is now closed
Location
Ontario, Canada
Overview
This program provides down payment assistance for eligible households buying a home in Waterloo Region. It supports the purchase of new or resale homes and related home-buying steps for qualified buyers.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase social or community impact
- Raise awareness or mobilize a population
Eligible Funding
- Maximum amount : 35,000 $
- Up to 10% of project cost
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- Public administration
Location
- Ontario
Legal structures
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Indigenous Peoples
- Persons with Disabilities
- Newcomers to Canada
- Rural or Northern Residents
- Canadians
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Purchase of a new home or resale home.
- Homeownership purchase supported by down payment assistance.
Documents Needed
- Mortgage pre-qualification from a lender.
- Photo identification for the main applicant.
- Proof of income and assets.
- Proof of residency in Waterloo Region.
- Notice of Assessment and other supporting documents.
Eligibility
Who is eligible?
- Low- to moderate-income renter households.
- Individuals buying their first home or an eligible home.
Who is not eligible
- Homeowners or applicants with an interest in another home.
- Households outside the program’s geographic area.
- Applicants seeking construction financing on land they already own.
- Mobile home purchases that do not include eligible land title.
Eligible expenses
- Down payment assistance for the home purchase.
Ineligible Costs and Activities
- Construction financing on land already owned.
- Leasehold land purchases.
- Mobile homes without land title.
- Partial loan repayments.
Eligible geographic areas
- Waterloo Region
- Renfrew County
- Chatham-Kent
- Leeds and Grenville
Processing and Agreement
- Applications are reviewed for completeness and eligibility.
- Eligible applicants are placed on a waiting list.
- Applicants are contacted when funds become available.
- A conditional letter of commitment is issued before closing steps continue.
- A loan agreement is signed and the funds are advanced to the lawyer for closing.
Additional information
- Eligible households are placed on a waiting list.
- Applicants are contacted by mail when funds become available.
- Some versions require home ownership orientation or training before commitment.
Contacts
Frequently Asked Questions about the Affordable Homeownership Program Program
Here are answers to the most common questions about the Affordable Homeownership Program. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Affordable Homeownership Program?
This program provides down payment assistance for eligible households buying a home in Waterloo Region. It supports the purchase of new or resale homes and related home-buying steps for qualified buyers.
How much funding can be received?
Affordable Homeownership Program Funds up to 10% of admissible expenses, capped at $35,000 per project.
Who is eligible for the Affordable Homeownership Program program?
To be eligible for the Affordable Homeownership Program program, you must:
Adult renter household
Mortgage-qualified buyer
Income and residency limits
What expenses are eligible under Affordable Homeownership Program?
Purchase of a new home or resale home.
Homeownership purchase supported by down payment assistance.
Who can I contact for more information about the Affordable Homeownership Program?
You can contact Renfrew County Housing Corporation (RCHC) by email at aho@regionofwaterloo.ca or by phone at 519-575-4400.
Where is the Affordable Homeownership Program available?
The Affordable Homeownership Program program is available the province of Ontario.
Is the Affordable Homeownership Program a grant, loan, or tax credit?
Affordable Homeownership Program is a Loans and Capital investments