Owning a home is now within your reach!
Eligibility Criteria
- Your down payment assistance application must be approved before entering a purchase agreement.
- At least one of the applicants must be a citizen of the Otipemisiwak Métis Government (formerly known as the Métis Nation of Alberta). At least one applicant must be an Otipemisiwak Métis Government citizen, and their name must be on the title of said purchase).
- Annual family maximum gross income of $150,000.00
- Must qualify for a mortgage with a major bank or financial institution.
- Must not own any other home currently or within the past three years.
- Must be 18 years of age or older.
- The home purchased must be the applicant’s primary residence.
Required Documents to Apply
- Completed and signed application.
- Two pieces of photo ID
- Otipemisiwak Métis Government citizenship Card (previously known as a Métis Nation of Alberta Citizenship card) for the applicant(s).
- Driver’s license, passport, or any other government-issued ID.
- Notice of Assessment from the CRA for the previous year for all household residents over 18 years of age.
- Pre-approval for a mortgage from a lending institution.
- Only approved applicants will be asked to submit a completed Residential Real Estate Purchase Contract.
Application Process
- Mail, drop off, or email the completed application with all supporting documents to Métis Capital Housing, Edmonton.
- Complete applications will be reviewed and submitted for approval as received.
- Only completed applications will be processed.
Financial Assistance Available
5% down payment to a maximum amount of $20,000.00 per application.
Approved Applications
- Must sign a funding agreement with MCHC before funds are released.
- Provide proof of Insurance on the property.
- Must sign an agreement charging land (allows MCHC to put a caveat on the property).
- The funding is forgiven, and the caveat comes off after five years as a primary residence.
- Approved applicants will repay all or part (prorated portion) of the funding plus 6% interest to Métis Capital Housing Corporation if the property is sold or they cease to live in the home within five years of the date of purchase.
Application Deadline: October 31, 2024
Down Payment Assistance Application
"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