Type of resource:
File
Publication date:
November, 2023
Description:
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.