Viewing a single comment thread. View all comments

SubversiveIntentions t1_j5nefoc wrote

I was in a pretty similar spot when I moved to VT 9 years ago. After looking at housing prices it seemed like we would never own, or have to move somewhere else. Then my partner found an ad from Habitat for Humanity. I didn't think we would qualify, but we did. I don't know what Habitat looks like down in Middlebury, but I would reach out to them see if they have any projects in your area.

29

Nostalchiq t1_j5omvtd wrote

Oh nice! I'll look into it, thanks :)

5

Corey307 t1_j5p193g wrote

Check out the Champlain housing trust, I know a few people who bought homes through them and well you don’t own the entire home it does make homeownership a lot more affordable.

https://www.getahome.org/

8

NevilleTheCactus t1_j5p2hos wrote

You own the entire home, but you lease the land it is on. For all intents and purposes, you own it all and can do whatever you want with it within reason. They set it up this way so that you are legally required to sell it back to them if you ever wish to sell. If you do sell, you only receive 25% of the net market increase, and 75% goes back into the program to help keep homeownership affordable.

8