Eligible Households. The Subrecipient will determine each household is income eligible by determining the household’s annual income in accordance with 24 CFR § 92.203(a)(2) requiring the examination of source documents. For the Affordable Housing program, the Subrecipient will establish an income calculation at the time of the project contract, in accordance with 24 CFR § 92.203(b). The Subrecipient will calculate the annual income of the household by projecting the prevailing rate of income of the household at the time the Subrecipient determines that the family is eligible. Annual income shall include income from all household members aged 18 and older. The Subrecipient is not required to re-examine the family’s income at the time the HOME-assistance is provided, unless more than six months has elapsed since the Subrecipient determined that the family qualified as income eligible.
Eligible Households. Must be a renter household buying a sole and principal residence. Must not own a home or have any vested interest in a residence or be in a spousal relationship (including a same-sex spousal relationship) with a person who owns a home or who has an ownership interest in a home other than a contingent interest. Must be a Canadian citizen, landed immigrant or have Refugee Claimant status. Must be at least 18 years of age. Must have a maximum gross household income at or below the maximum household limit as established by the County of Wellington and revised periodically through programme guidelines Must be able to obtain a mortgage from a primary lending institution and demonstrate sustainability and viability. Must have no outstanding debts or arrears to a social housing landlord in Ontario Application Process Households interested in participating in the Wellington Affordable Homeownership Down Payment Loan Fund programme can contact the County of Wellington 000- 000-0000 Ext. 4710 and leave their name, email address and telephone number. They will be contacted when funds become available. Interested households will be provided with an Application Form, Loan Fund Guidelines and a sample of the Wellington Affordable Homeownership Down Payment Loan Fund Agreement. An Application Form must be completed in its entirety, with all supporting documentation included, and submitted to the County of Wellington for consideration prior to the purchase of a home. The following documents must accompany the Application Form: proof of household income two (2) most current Canada Revenue Agency Notices of Assessment for all adult members of the household a copy of photo identification and birth certificate for each household member over the age of 18 years and not in school proof of mortgage pre-approval from a primary lending institution proof of rental accommodations, rent receipts/lease Upon determination of eligibility, the approved applicant will receive a conditional commitment letter which can be presented to a financial institution. Approved applicants will be required to enter into an Agreement of Purchase and Sale for an eligible home within 90 days. Upon the County of Wellington’s receipt of a fully executed Agreement of Purchase and Sale, approved applicants will receive a final commitment letter specifying the exact amount of down payment assistance to be provided. Annual verification of property/ownership status and insurance coverage will be requir...
Eligible Households. 1. Tenant must be a renter household living in a residential dwelling; AND
Eligible Households. 1.01 Households meeting the income restrictions as set forth in Section 2.01 shall be referred to as “Eligible Households.”
Eligible Households. Members shall provide Subsidies only to households that:
