PROGRAM CLOSED
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The Down Payment Assistance Program offered by Métis Capital Housing Corporation provides crucial financial support to Métis families aiming to purchase their first home. This program assists eligible applicants by covering up to 5% of the down payment, making homeownership more attainable. The Down Payment Assistance Program is designed to help Métis families establish stable, long-term housing. Read below to see if you are eligible and to learn how to apply.
Eligibility Criteria
- Your application must be approved before entering a purchase agreement.
- The primary applicant must be an Otipemisiwak Métis Government Citizen (formerly known as the Métis Nation of Alberta).
- The total annual household income must not exceed $150,000.
- The home to be purchased must be the applicant’s primary residence.
- Must qualify for a mortgage with a major bank or financial institution.
- The applicant must not currently or within the past three years own any other property, including land or a home.
Required Documents
- Completed and signed application.
- Two Pieces of identification:
- Applicant: One government-issued photo ID and your Otipemisiwak Métis Government Citizen Card (formerly Métis Nation of Alberta Citizenship Card).
- Co-applicant (if applicable): Either two pieces of government-issued photo ID or your Otipemisiwak Métis Government Citizen Card and one government-issued photo ID.
- Notice of Tax Assessment for all household residents over 18.
- Pre-approval for a mortgage from a lending institution.
- Approved applicants will be asked to submit a completed Residential Real Estate Purchase Contract.
Financial Assistance Available
5% down payment to a maximum amount of $20,000.
Application Process
- Download and complete the application form below or pick it up from a Métis Capital Housing Office.
- Gather all required documents.
- Apply via:
- Email: downpayment@metishousing.ca
- Mail: Métis Capital Housing Corporation, 11923 121A Street, Edmonton, AB T5L 0A2
- In-person: Drop off at the above address
Approved Applicant Conditions
- Sign Agreement: Before Métis Capital Housing Corporation releases funds, the applicant must sign a funding agreement with MCHC.
- Provide Insurance: Provide proof of insurance on the property.
- Agreement Charging Land: You must sign an agreement that allows MCHC to place a caveat on the property.
- Direct Payment: MCHC will pay the approved funding directly to the seller’s lawyer.
- Forgiven Funding: After five years, the funding will be forgiven, and the caveat will be removed.
- Repayment Conditions: If you sell the property or move out within five years, you will need to repay a prorated portion of the funding plus 6% interest. Other circumstances will be considered on a case-by-case basis.
Important Information:
- Funding is limited and distributed on a first-come, first-served basis to applicants who submit complete applications and valid documents.
- If you submitted an unsuccessful application in the past, please be advised that you must reapply using the updated application form when the program reopens. Previous applications will not be considered.
Application Deadline: Closed
"The Métis Capital Housing [Down Payment Assistance] Program has made our dreams come true! Without this program we would have had to wait years before purchasing our first home. The staff and everyone we dealt with have been extremely professional and made the whole process seamless. We want to extend our sincerest gratitude for this program and the staff that work so hard to make it happen.
THANK-YOU again from the bottom of our hearts" - K & J