If saving for a home downpayment feels out of reach, this program can help. The Owen Hart Home Owners Program offers people living on a lower income the opportunity to save for a downpayment while focusing on money management and home ownership finances.

Participants accepted into the Owen Hart Home Owners Program can save for up to five years for their home downpayment. During this time, they regularly attend financial consultation sessions and participate in seminars on home purchase and ownership.

The minimum recommended savings is $250 per month towards the home downpayment. Participants save for up to 60 months. Upon home purchase Momentum matches the participants’ first year savings 2:1 to a maximum of $6,000. With this savings plan, the participants will have saved at least $15,000 of their own money, bringing the potential down payment to $21,000.