Ourboro BOF Capital Opportunity Fund
The Fund provides funding to and facilitates homeownership for Black homebuyers that have qualifying income levels for conventional mortgage financing but have insufficient resources for a down payment.
In consideration of the percentage of the down payment covered by the Fund, the Fund will acquire an equity stake in the home’s future appreciation in value.
Investment Criteria
- Self-Identification: One of the applicants must self-identify as Black and must be one of the occupying owners of the property.
- Geographies Served: Greater Vancouver, Edmonton, Calgary, Ottawa, Toronto, London, Hamilton, Guelph, Kitchener, Waterloo, and Montreal.
- Purchase Price: The property value must range between $250,000 and $2,500,000.
- Property Type: Single-family home, semi-detached home, townhome, or condominium unit.
- Down Payment: The applicant must contribute a minimum of 5% and maximum of 15% towards the total purchase price of the property.
