Home Ownership - Who Qualifies?
Four fundamental criteria are used to determine who is selected to be a Habitat partner.
Need for Shelter - The applicant's current shelter is inadequate because it is either structurally unsound, overcrowded, has unsafe, unsanitary or unhealthy conditions, or the resident is paying more than 50% of household income for housing.
Willingness to Partner - The applicant agrees to completes 500 hours of sweat equity and participates in the partnership program that may include financial counseling and household management education.
Ability to Pay a Mortgage - The applicant's household income is between 30% and 60% of area’s median income based on family size. For a 20-25 year mortgage, a homeowner’s monthly housing expenses would be approximately $500 to $700 a month (includes mortgage payment, home insurance, and property taxes).
Residency – Each affiliate has a residency requirement. A partner family would typically live and/or work in the town or in a reasonable proximity to the house location.
Home Ownership - the selection process
The Family Selection Committee advertises that the affiliate is looking for a family partner and accepts applications. View our application form: Application.pdf
The Committee reviews all completed applications and then the Family Selection Committee:
If you meet these criteria and wish to pursue home ownership through Habitat, contact the chapter serving the area in which you live.
Our Federal Form 990 is available for public inspection by writing to: Treasurer, Central Vermont HFH, P.O. Box 837, Montpelier, Vermont 05601.