Affordable Home Ownership

Note: The information on this page may change from time to time as we receive updates from the Ministry of Municipal Affairs and Housing. Be sure to check regularly for updates.

What is the Affordable Home Ownership Program?

The Affordable Home Ownership program provides individuals and families with a loan for the down payment on a home.

If you qualify, you can receive five per cent of the purchase price of a home. The home must be:

  • Located in the Region of Waterloo
  • A maximum purchase price of $243,300
  • Approved by the Region of Waterloo

Are you eligible to apply?

To be eligible to apply, you must:

  • Qualify for a mortgage
  • Have a maximum household income of $73,050
  • Be at least 18 years old and currently renting
  • Not own or have an interest in a home
  • Not owe money to a Community Housing landlord
  • Be a legal resident of Canada
  • Intend to have this home as your one and only residence

How do I apply?

Step 1: Read the Affordable Home Ownership Program Fact Sheet  (updated January 2014).

Step 2: Complete the Affordable Home Ownership Application Form. You can also call 519-575-4047 to have an application package mailed or faxed to you.

Step 3: Drop off, mail or fax your completed application to:

Region of Waterloo, Housing Division
Attention: Affordable Home Ownership Program
150 Frederick St., 8th Floor, Kitchener, ON N2G 4J3
Fax: 519-575-4449