County of Simcoe Affordable Homeownership Program

​​​​​The Affordable Home-ownership Program aims to assist low-to-moderate income renter households, in Simcoe County, to purchase an affordable home by providing 10% down payment assistance in the form of a forgivable loan.

Down payment assistance is 10% of the purchase price

Eligible Homes Considered

  • Homes must be located in Simcoe County.
  • Purchase price must be at or below $469,894.00.
  • more

Minimum Household Eligibility

  • Must be a current resident of Simcoe County, including the cities of 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 $97,800.00.
  • more

Conditions for Repayment

  • No repayment of the loan if home is sold after 20 years.
  • If the home is sold before 20 year period expires, you must repay the original loan plus
    10% of the capital appreciation
  • more

How to Apply

  • Mortgage Pre-Approval – Please contact a mortgage broker, trust company, credit
    union, bank or other qualified lender of your choice to apply for a no cost mortgage
    pre-approval.
  • more

Applicants are encouraged to apply even though there is a waiting list.