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Canada-Ontario Affordable Housing Program (COAHP)

The federal, provincial and municipal governments have committed $36 million to make homeownership affordable for more than 4,500 low and moderate-income renter households. 

This is a solution for people who are renting and want to own a home, but have limited access to the necessary funds for a downpayment. This solution is The Canada-Ontario Affordable Housing Program (COAHP).

The COAHP makes home ownership affordable for low and moderate-income households across Ontario. The COAHP provides up to 5 percent down payment assistance for eligible consumers when purchasing a home.

Applicants must:

• be 18 years and older
• be renting
• have combined household income at or below the maximum level
• qualify for mortgage financing
  

The price of the purchase must not exceed the COAHP's eligible value, and must be modest in size relative to community standards.
For more information on COAHP visit:  http://www.mah.gov.on.ca/AssetFactory.aspx?did=4083