Down Payment Assistance

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.

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.
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: Before Métis Capital Housing Corporation releases funds, the applicant must sign a funding agreement with MCHC.
• Provide Insurance: Provide proof of insurance on the property.
• Agreement Charging Land: You must sign an agreement that allows MCHC to place a caveat on the property.
• Direct Payment: MCHC will pay the approved funding directly to the seller’s lawyer.
• Forgiven Funding: After five years, the funding will be forgiven, and the caveat will be removed.
• 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.

  Please Note: Funding is limited and is distributed on a first-come, first-served basis to applicants who submit complete applications and valid documents 

Application Deadline: October 31, 2024

  downpayment@metishousing.ca 

   Down Payment Assistance Application