(LaSALLE, ON) – The Federal and Provincial governments have partnered to fund a Home Ownership Downpayment Assistance Program. It is estimated that the program will be able to provide assistance for a limited number of households.
Downpayment assistance of 10% of the purchase price of an eligible home, up to a maximum of $20,850, is provided by a 20-year forgivable loan registered on title as a second mortgage.
Completed applications will be processed on a first come, first served basis, having regard to a fair distribution of the program funds across Windsor and Essex County. The program expires when program funds are depleted or November 30 of this year, whichever occurs first.
The Home Ownership Downpayment Assistance Program Application Form and supplementary documents are available to download on the City of Windsor’s website.