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Email this pageHousing Program Helps Single Mom Become Homeowner

(We would like to thank John Edwards for permission to run his article that appeared in a May issue of the Collingwood Connection)

Photo of Kim Franks and her sons
Kim Franks and her sons enjoy the backyard of their new Collingwood home, which was purchased with the help of the Canada-Ontario Affordable Housing Program. (John Edwards Photo).

Collingwood resident Kim Frank is crediting a government program with helping her achieve a dream of home ownership.

The single mother of five purchased a 1,500-square-foot home in Collingwood in April, with the assistance of the Canada-Ontario Affordable Housing Program.

The program, which is administered by the County of Simcoe, will give up to a five-per-cent down payment - to a maximum of $8,600 - to those who qualify.

To qualify, you must be renting in Simcoe County, have a household income under $62,000 per year and pre-qualify for a mortgage.

If you sell the home in the next 20 years, the loan must be paid back, but beyond the 20-year period, it is considered a "forgivable loan."

The program applies to detached, semi-detached, town (condo and freehold), stacked homes, row houses or apartments.

Susan Fitzsimmons of the County of Simcoe said the county was given money for Clearview, Collingwood and Wasaga Beach and there is still funding available in Collingwood.

Frank, who works for the Simcoe County Association for the Physically Disabled, said she was renting in Collingwood, but always wanted a home for her five sons.

Being a single mom and raising five kids, it would have taken her another five years to save the $8,000 needed for a down payment.

"It's taken me eight years to reach a five-year plan," she said.

Frank says her goal was to always be a homeowner and says it's a dream come true.

"To hang a picture on the wall and not have to worry about the nail mark," she said. "You don't have to worry as much, it's yours."

Frank said she is recommending the program to everyone she knows and feels it's a good opportunity for renters.

"It's a real sense of accomplishment," she said. "It's a great opportunity for anyone that has any type of goals and focus."

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