Inner City Homebuyer Program

Making home ownership a reality for families living on a low income.

How does it work?

The Inner City Homebuyer program helps low-income earning families to save towards a down payment and closing costs for a home within a Neighbourhoods Alive! designated Area. Participants will be matched 1:1, up to $7000, and have 2 years to purchase a home.

We are looking for families who:

  • Are willing to purchase a home or condo under $210,000 in a designated area – click here for eligible areas
  • Have a difficult time saving for a down payment and closing costs on their own
  • Will qualify for a mortgage from a bank or credit union within 2 years
  • Would have a greatly improved housing situation by owning a home
  • Have at least one dependent living in the home
  • Meet the low income qualifications (see income chart below)
  • Are able to attend 8 home buying classes and 2 one-to-one sessions
  • Do not currently own a home, or are not participating in another home ownership program

Spots are limited for this program. Priority will be given to past Saving Circle or IDA graduates.

How do I apply?

The Inner City Homebuyer Program runs once per year. Applications are now closed for 2018. Please check back in early 2019.

Low Income Qualification Chart

Household Size Maximum Gross Household Income
1 person $30,406
2 persons $37,853
3 persons $46,536
4 persons $56,501
5 persons $64,082
6 persons $72,274
7 or more persons $80,466

SEED Winnipeg looks at household income to help determine eligibility for our programs. We use Statistics Canada’s Low-Income Cut-Off (LICO) as a guide (we use 120% of LICO). Other factors besides LICO are also considered.