Assisted Homeownership
Ontario Aboriginal Housing Services received one-time funding to operate the Homeownership Assistance program. This funding is now fully committed and we have generated a waitlist of eligible applicants from which we will select applications for new approvals. We are able to approve new applications when there are amounts of funding reallocated back to the Program. Although we cannot guarantee that we will be able to approve your application if you meet the eligibility criteria, we are continuing to accept new applications as it is possible we may be able to accommodate more applicants than we currently anticipate. We appreciate your understanding and patience.
The Assisted Homeownership component provides down payment and home purchase assistance for primary residences to those individuals and/or families that qualify for a mortgage and do not own a home or have interest in any real estate or those who are no longer able or entitled to reside in a home they currently own. It is not limited to first time home-buyers. The assistance is in the form of a conditional grant which does not have to be repaid provided the successful recipient adheres to the conditions of the program for a period of five years. The maximum grant available is $30,000.00 per household.
Mandatory Criteria
Applicant(s)
• Self identify Aboriginal individual or family, residing in Ontario (outside of the GTA)
• Must hold Canadian citizenship (provide proof of citizenship with application)
• 18 years of age or older
• Total gross household income cannot exceed the 2009 60th income percentile
• Must be able to qualify for and obtain a conventional mortgage, line of credit, or private mortgage
• Must be applying for primary residence
• Do not own a home, or are not able to reside in a home they currently own
Client Eligibility
Eligible applicants to the program are Aboriginal people who are looking to purchase their primary residence off-reserve in Ontario. First Nation, Métis, or Inuit people are eligible through self-declaration.
Individuals will be evaluated on a first-come, first-served basis, against the mandatory criteria, and targeted to the identified geographic areas and priority groups. Priority will be given to those who are currently residing in social housing, and families escaping situations of violence.
Eligible Types of Homes
• New home
• Condominiums
• Resale homes with an acceptable home inspection
• Conversions from non-residential use, that feature a new home warranty
• Mobile homes on owned land
• Not exceeding the average house price for their geographic area
Click here to view and print the FIMUR Assisted Homeownership Guidelines
Click here to view and print frequently asked questions.
Click here to view the OAHS Privacy Policy.
EASY 3 STEP APPLICATION PROCESS
STEP 1: Click here to view and print the FIMUR Assisted Homeownership Application
STEP 2: Click here to view and print the FIMUR Assisted Homeownership Application Checklist
STEP 3: Mail your completed application (Step 1) along with the required attachments (Step 2) to:
Ontario Aboriginal Housing Services
Attn: FIMUR Assisted Homeownership Program
500 Bay St.
Sault Ste. Marie, ON P6A 1X5
TIP: If you require these funds for a home purchase, please do not make an offer on a home unless your FIMUR
Homeownership Application has been approved.
TIP: Due to a high volume of applications, current application processing times are 4 to 6 weeks before an
approval or denial decision is made. Applications that are incomplete or missing required
documentation will take longer to process and will not be evaluated until all information is provided.
TIP: You do not need an Agreement of Purchase and Sale to apply for this program.
TIP: Faxed or emailed applications will not be accepted.
TIP: Ensure your application is complete (Step 1) and all required attachments are included (Step 2). Only
complete applications with all required attachments will be accepted to move forward for
consideration
TIP: Ensure you have a witness (over the age of 18) sign your application on the last page in the space
provided.
TIP: Click here to visit our links page where you will find helpful information on buying a home.
For more information or to have an application package mailed to you please contact:
Kelly Reynolds
Admin Assistant - Programs Delivery
(705) 256-1876 x 206
Toll free: 1-866-391-1061
.(JavaScript must be enabled to view this email address)
Justin Marchand
Programs Delivery Manager
(705) 256-1876 x 213
Toll free: 1-866-391-1061
.(JavaScript must be enabled to view this email address)
Please note: Posters and brochures are available upon request for anyone wanting to promote this progam in their community.
Supported by the Province of Ontario