Simcoe County, Corporation of
Site: Administration Centre
Service: Social and Community Services Division - Social Housing Department - Home Ownership Program
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Print Version (New Window)| Record #: CWD7006 | Last Modified: 26 Oct 2020 | Last Full Update: 26 Oct 2020 |
| Location, Telephone & Internet | |
|---|---|
| Office Phone | 705-725-7215 ext 1119 * accepts collect telephone calls |
| iah@simcoe.ca | |
| Website | www.simcoe.ca/homeownership |
| Located In Community | Midhurst |
| Address | 1110 Hwy 26 Midhurst, ON L9X 1N6 View Google Map |
| Intersection | Hwy 26 and Hwy 27 |
| Contact Information | |
| Primary Contact | Joanne, Administrative Assistant |
| Alternate Contact | Tom Fortier, Program Supervisor; Phone: ext 1150 |
| Description & Services | |
| Description (Service) | Provides down payment assistance to moderate income individuals and families giving them the opportunity to move from rental accommodation to homeownership * Homeownership component of the Investment in Affordable Housing program provides up to 10% in down-payment assistance to households to aid them in purchasing a new house at or below a set maximum price (changes yearly) * loan is forgivable if the applicant keeps the home for 20 years * if the applicant sells the house, they have to repay the principal downpayment assistance plus 10% capital gains * this money will then go back into a revolving fund the county will maintain so it can be rolled back out again A percentage of available funding will be designated for applicants currently living in Social Housing or those who self-identify as Aboriginal households |
| Hours | Mon-Fri 8:30 am-4:30 pm |
| Areas Served | Simcoe County |
| Eligibility | * must be a current resident of Simcoe County, including Barrie and Orillia * must provide proof of mortgage pre-approval * must be a renter household (please note: “Room & Board” and/or living with family does not qualify as “Renter Household” unless you are staying in a separate rental unit within the home that can be rented out upon your departure) * cannot currently own a home or have any vested interest in a residence/land * must provide proof of gross household income at or below $73,800 * personal assets, including any gifting amounts from friends or family, savings, GIC’s, etc. cannot exceed $20,000. RRSP’s of first time home buyers now do count towards personal contributions as they can be accessed for home purchases as per Canada Revenue Agency guidelines * no outstanding arrears if a former/current tenant of Social Housing in Ontario * at least 18 years of age, Canadian citizen, landed immigrant, or have Refugee Claimant status * supply photo identification and birth certificate |
| Application | Check the website for updates, information or to download application form * there may be a waiting list depending on fund availability |
| Languages | English ; French - Reception, Programs, Publications, Interpretation - formal |
| Fees | None |
| Other Details | |
| Established | 2007 |
| Physical Access | Fully Accessible |