HOMEWorks! Homebuyer Down Payment Assistance Program

This program helps first-time homebuyers access new or recently renovated affordable housing by providing financial assistance for a down payment.

Down payment assistance may be provided to new homebuyers for homes funded under Manitoba Housing's Home Ownership Program in:

• Designated target areas to a maximum of five percent of the sale price, plus a closing cost allowance
• Designated northern non-market areas to a maximum of 10 percent of the sale price, plus a closing cost allowance.

The program is available in designated target areas and in northern non-market communities.

The program is designed for:

Low to moderate income Manitobans in designated target areas with incomes at or below the HOMEWorks! maximum household income limit.

To be eligible, applicants must be able to obtain a mortgage from a bank or other lending institution. The mortgage term must be set for a minimum of five years.

The contribution amount is earned over a 10-year period, provided applicants maintain their home as their principal residence.

Homebuyers are encouraged to take homeowner education course, such as that offered by a bank or financial institution.