VHCB Homeownership Program
Contact your local community land trust or Habitat for Humanity Chapter or Affiliate and ask for details on their home ownership programs. Applications are accepted on a rolling basis as long as funds are available. Home buyers must have a household income below 120% of the applicable county median income, adjusted for household size for the community land trust programs or 70% of median income for Habitat for Humanity homes. Successful completion of a home purchase education program at one of five NeighborWorks HomeOwnership Centers (located in Burlington, St. Albans, Springfield, West Rutland, Brattleboro, Lyndonville and Barre) is a requirement for each buyer receiving VHCB funds.
Policies & Guidelines
Because of the permanent affordability restrictions, VHCB requires consideration of resale factors at the time of the original transaction. Sponsor staff must visit and approve homes that are proposed for purchase prior to applying.
- Buyer Cash Assets Guidelines
- Default & Foreclosure Guidelines
- Refinancing Guidelines
- Single Family Assistance Program
- Water & Waste Water Guidelines
Habitat for Humanity and Vocational Education-Built Homes
VHCB makes grants for home building projects undertaken by Habitat for Humanity or Vocational Education programs around the state. The projects funded to date have helped either to pay for land or to lower the costs of construction. The resulting savings have been passed on to first-time home buyers. Applications are accepted on a rolling basis as long as funds are available.
Nonprofit applicants should review Guidelines on Habitat for Humanity or Vocational Education-Built Home Programs.
Download the application (MicrosoftWord) or Adobe Acrobat (pdf) and the budget form (Excel file).
PARTICIPATING HOUSING ORGANIZATIONS
Addison Housing Works
272 Main Street
Vergennes, VT. 05491
telephone: 802-877-2626 ext. 100
Neighborworks of Western Vermont
110 Marble Street
West Rutland, VT. 05777
Champlain Housing Trust
88 King Street
Burlington VT 05401
Twin Pines Housing
226 Holiday Drive, Suite 20
White River Junction, VT. 05001
Downstreet Housing & Community Development
22 Keith Avenue
Barre, VT. 05641
Windham & Windsor Housing Trust
68 Birge Street
Brattleboro, VT 05301
1222 Main Street
St. Johnsbury, VT 05819