Deadline: April 7, 2023
Manitoba Tipi Mitawa is a partnership between the Manitoba Real Estate Association and the Assembly of Manitoba Chiefs. The program helps Manitoban First Nations families wishing to purchase their first home, through down payment assistance and home-purchase education.
To meet the basic requirements of the Manitoba Tipi Mitawa First Nations Homeownership Program, you must:
• Have dependents* living in your household
• Be a first-time home buyer
• Be a member of a Manitoba First Nation
• Agree to a voluntary credit report
• Be continuously employed full time for the past two years
• Have a total household income between $50,000-$84,600 per year
• Attend financial literacy, home maintenance, and home purchase orientation sessions (approximately 40 hours)
• Be willing to purchase a home (minimum two bedroom) within Winnipeg or Brandon city Limits, or other major urban centres provided the applicant attends all educational courses)
• Agree to use a registered member firm of the Canadian Association of Home and Property Inspectors (CAHPI) for the mandatory home inspection
• Agree to request a Property Disclosure Statement be provided by the seller of any property for which an offer to purchase is made
• Be willing to participate in a public relations program for Manitoba Tipi Mitawa
• Have a minimum of $5,000 for deposit
• In addition to the requirements above, selection is also based on creditworthiness (income, credit score, credit history, debt ratio, etc.).
*A person under the age of 22, or a person under the age of 26 who is registered in full-time study, or a person of any age who is recognized as a dependent of someone in the household for income tax purposes
Program details:
• Maximum house price in Winnipeg and Brandon is $250,000 and $225,000 in other centres
• Qualifying Tipi families get to choose where there they wish to live – any neighbourhood in Winnipeg, Brandon, and so forth
• The program provides a 15 percent down payment – the Manitoba government provides 10 percent, and Manitoba Tipi Mitawa provides five percent
• Provides applicants with up to $4,000 in legal and closing costs
We have a limited number of spaces in our current intake and are accepting applications until April 7, 2023.
To apply for the program, please visit: https://realestatemanitoba.com/charities-partnerships/mb-tipi-mitawa
If you require further information, please email: tipimitawa@mrea.mb.ca