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Homeownership Entry Level Program (HELP) provides assistance to prospective
first-time homebuyers. Clients who are not able to secure mortgage financing or
are unsure of their responsibilities as homeowners are provided the opportunity
of experiencing homeownership commitments before purchasing a home.
What assistance can I get?
Assistance is provided through a lease on a NWTHC home to the eligible
applicant(s). The applicants pay 20% of their gross income toward the lease
(rent) payment and shelter costs (power, water delivery, etc).
After successfully completing a two-year lease (rental) period the tenant(s) is
(are) eligible to receive an equity contribution that would be used towards the
purchase of a home. To be successful the tenant(s) would:
- Meet the HELP Agreement requirements
- Meet the Residential Tenancy Agreement terms
- Have no rental arrears or tenant related damage
- Have completed the required Solutions to Educate People (STEP) courses
How do I qualify?
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Applicant(s) must be 19 years of age or older, and have lived in the NWT for
three years with one continuous year in the community of application prior to
approval.
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The income of the applicant(s) must be below the Core Need Income Threshold
(CNIT) for their community.
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Applicants must be able to pay for all NWTHC approved shelter costs without
spending more than 20% of their gross income.
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Applicant(s) must have a Core Housing Need.
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Applicant(s) must successfully complete the prerequisite Financial Skills I
course offered through the Solutions to Educate People program (STEP) prior to
approval for assistance.
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