Solutions to End Poverty Permanently (STEPP)
The STEPP program provides an opportunity for low-income families to become first time homeowners.
- No down payment required
- Homes are built at reduced construction prices
- Energy efficient designs help reduce utility costs
How does it work?
STEPP Home # One was appraised at $210,000. The homeowner required a mortgage of $150,000. CMHA holds a no payment, no interest second mortgage for the remaining $60,000 ($150,000 + $60,000 = $210,000)
When the original buyer sells their STEPP Home, from the proceeds of the sale, the seller must pay back to CMHA the full second mortgage ($60,000), plus 29% of any money made by the seller above the original $210,000 appraised value.
These funds are deposited in a Never Ending Low Income Housing Fund. Every cent in this fund will be spent on building more STEPP Homes, and once those Homes are resold, those funds are returned to the fund in a never ending cycle as a Solution to End Poverty Permanently.
Who is eligible?
You may be eligible if:
- Your total household income is in the low to low-medium income range
- You have not owned a home in Brandon, MB
- You are a Canadian Citizen or Permanent Resident of Canada
- You are a current resident of Brandon, MB and have been for 12 months prior to applying
Who is involved?
The Canadian Mental Health Association (CMHA) and the Brandon Energy Efficiency Program (BEEP) are the lead contributors in the construction of STEPP Homes.
CMHA provides a wide range of innovative services and support for people across the nation. CHMA is involved in many affordable housing initiatives in Brandon.
BEEP is administered through the Brandon Neighbourhood Renewal Corporation and funded through Entrepreneurship Training and Trade. The program provides carpentry skills training to individuals with limited work experience. BEEP renovates and builds energy and water efficient, low-income affordable homes in Brandon.
Manitoba Housing Authority and the City of Brandon have also been key contributors to the STEPP Homes.
All donations are tax deductible and will be used and reused endlessly to help family, after family, after family move out of poverty. To donate, please send a cheque indicating it is for the STEPP Home Program, payable to: