Ontario Renovates Program
Applicants who receive assistance under the program must obtain three written quotes prior
to commencing repairs or renovations. DNSSAB will select the most appropriate contractor(s)
based on the quotes provided.
Along with a completed application form, applicants are required to submit the following in
order to be considered for the program:
To apply for the Homeownership Program you must first contact us to be added to the waiting list.
Once you have reached the top of the waiting list and program funds are available, you will be asked to complete an application package. The application package will outline all required documentation to be submitted including, but not limited to, Notice of Assessments for all members of the household, copies of photo identification, and a mortgage pre-approval.
To be eligible for the Homeownership Program, you must be renting in the private market or in social housing for a minimum of 1 year consecutively. You will be asked to provide documentation proving that you have been renting for at least 1 year consecutively.
Repayment of the original down payment contribution must be made if the following situations occur while the OPHI Homeownership loan is outstanding (20-Year Forgivable Loan):
Traditional interest will not be charged on the down-payment assistance.
The original loan amount and the percentage share of the realized capital gains proportionate to the down payment assistance must be repaid in the above cases. For example, if the purchaser was assisted with ten percent of the purchase price, the loan amount plus ten percent of any capital gains/appreciation would have to be repaid.
If a unit is sold for less than the original purchase price, the difference between the down payment assistance and the depreciated amount will be repayable.