Homeownership Initiative Highlight Sheet

Type of resource: 
Publication date: 
November, 2023

This funding is available to Housing NWT clients living in public housing to help them purchase their rental unit to become a homeowner.

Resource Category: 
Resource Type: 
Executive Summary: 

This program is for Public Housing clients with Housing Northwest Territories (NWT) living in a detached unit, able to pay operating and maintenance costs, and wish to become a homeowner  

Applicants must successfully complete the pre-requisite courses offered through the STEP Program before entering into the forgivable loan agreement.

A forgivable loan is available to support the transition to homeownership.

For a home valued at $250,000 or less, it is a three (3) year loan agreement.

For a home valued at $250,001 - $500,000, it is a five (5) year loan agreement.