By Warren McNeil

Original Source for article The Record
http://news.therecord.com/News/Local/article/293135

Here is an excerpt: 

"Low-to-middle-income earners may soon realize their dreams of owning a home, thanks to a regional program and the luck of the draw.

Waterloo Region has received $1.1 million to help working poor families with the down payment on their first home."

Information for the program can be obtained from: www.region.waterloo.on.ca/aho

This sounds like a pretty cool program to me. The lottery system they are using to select these people is pretty interesting.

According to the regions website, 133 people are eligible to participate in this program. Here is the quote from the main website, "Starting in March 2008, a series of lotteries will be held to select an estimated 133 applicant households to receive this assistance toward the purchase of a new or resale home in Waterloo Region that has a maximum purchase price of $208,000."

That is just too cool!!! Good luck to all who apply.

Thanks for reading,