Down Payment Assistance

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.
• Applicants must not have previously received assistance from this program.
• If you currently or have previously received assistance from any Métis Capital Housing Corporation Home Programs or have a caveat with MCHC, please contact us to determine your eligibility.

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

1. Download and complete the application form below or pick it up from a Métis Capital Housing Office (please note that the application form is only available when the program is open).
2. Gather all required documents.
3. 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: The applicant must sign a funding agreement with Métis Capital Housing Corporation (MCHC), which allows MCHC to place a caveat on the property.
• Forgiven Funding: After five years, the funding will be forgiven, and the caveat will be removed.
• Provide Insurance: Provide proof of insurance on the property.
• Direct Payment: MCHC will pay the approved funding directly to the seller’s lawyer.
• 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

 downpayment@metishousing.ca