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Homeownership Downpayment Assistance Program available in Kawartha Lakes

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April 7, 2017 - If you're renting and have been dreaming of owning your own home but don't have a down payment in the bank, there may be help.

The City of Kawartha Lakes is participating in the Homeownership Component of the Investment in Affordable Housing for Ontario - 2014 Extension which was developed to assist low to moderate income rental households to purchase affordable homes.

"The Homeownership program provides up to 10% in down payment assistance to eligible applicants," says Hope Lee, Manager of Housing. "We currently have funding in the amount of $112,010 to assist people in the City of Kawartha Lakes and the County of Haliburton move into homeownership."

Applicants must be renting, be at least 18 years old, have a gross household income at or below $76,100 and be eligible for financing from a financial institution. The selling price of the home must be at or below $350,430. Applicants must also be a first time home buyer and the home must be located in the City of Kawartha Lakes or the County of Haliburton.

Applications can be obtained online at www.klhhousinghelp.ca or from the City of Kawartha Lakes Housing Help Division. For more information please contact Arlene Smit, Affordable Housing Program Coordinator at 705-878-9367 extension 3109.

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For more information please contact:

Cheri Davidson
Manager of Communications, Advertising and Marketing
705-324-9411 Extension 1355
cdavidson@city.kawarthalakes.on.ca

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