Ontario

Affordable Home Ownership Program

Complex application

Need you to file taxes and apply separately

The AHOP program provides loans of up to $50,000 to qualifying Canadian Aboriginal people to assist with a down payment to purchase a home off-reserve in the GTA.

To be eligible for a Loan under the Affordable Home Ownership Program, Applicants must meet the following minimum criteria:

  • You must be Indigenous Canadians including status and non-status First Nations, Métis or Inuit;
  • You must be 18 years of age or older;
  • You must be currently renting
  • You must intend to live in the Property as a Principal Residence;
  • Your total Household Income must not exceed the Maximum Household Income. The amount changes annually, please consult the website at www.mbdc.ca for current amount.
  • You must qualify for a first mortgage from a bank or trust company having a minimum term of 5 years at the 5-year Fixed Rate or 5-year variable capped rate.
  • The purchase price of the home must be below the current Maximum House Price for the municipality in which the applicant wishes to purchase. These prices are updated quarterly and therefore, may change over the life of the Affordable Home Ownership Program. Please consult the MBDC website at www.mbdc.ca for current price lists.
  • You must not own land or have an interest in any other property that is located off-reserve;
  • You must not intend to receive assistance under any other Investment in Affordable Housing (IAH) Programs and/or any other Ontario Homeownership Programs

Notice of Assessment

A statement from Canada Revenue Agency (CRA) to each taxpayer, every year, after you have filed a tax return. It tells you the amount of income tax you owe, or the amount of the refund you will get.

Photo ID

For example:

  • driver’s license
  • passport
  • other government-issued photo ID, such as a non-driver photo ID (Saskatchewan), British Columbia Services Card, Ontario photo card, General identification card (Nunavut), Voluntary ID (PEI), etc.

Applicants are required to attend a virtual Home Ownership Information Session hosted by MBDC on Zoom. Virtual Information Sessions are held each month. Please email info@mbdc.ca to register for the session and to receive an AHOP Loan Application.

Verification documents required include proof of Indigenous Identity, income verification documents and other supporting documents which apply to your situation (detailed on pg. 6 of the Affordable Home Ownership Program Application Form).

Guidelines are available on the website (www.mbdc.ca).

Last updated: January 1, 2025