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 250 hours of sweat equity per adult in the family and participates in the partnership program that may include financial counseling and household management education.
Residency – Each affiliate has a residency requirement.  A partner family would typically live and/or work in the county of Orange or Washington.

Ability to Pay a Mortgage - The applicant's household income is between 30% and 60% of area’s median income based on family size( 2020 numbers below).  For a 20-30 year mortgage, a homeowner’s monthly housing expenses may be approximately $500 to $800 a month (includes mortgage payment, home insurance, and property taxes). 

Home Ownership - the selection process- CLOSED

HOW IT WORKS

The Homeowner Selection Committee advertises for a homeowner partner and accepts applications.  

The Committee reviews all completed applications and then the Homeowner Selection Committee:
  1. Requests more information if it is needed
  2. Reviews the tax return for the previous year and other material provided by the applicant to verify information on the application.
  3. Conducts a home visit at family's current residence.
  4. Makes a recommendation to the Board of Directors.

If you meet these criteria and wish to pursue home ownership through Habitat, fill out the form below to receive notifications of our next Homeowner Application period.

Our Federal Form 990 is available for public inspection by writing to:  Treasurer, Central Vermont HFH, P.O. Box 837, Montpelier, Vermont  05601.

    Sign up to get notified about our next homeowner application period!
Download the sample application below to learn what we ask for during the application process.
cvhfh_homeowner_application_sample.pdf
File Size: 1333 kb
File Type: pdf
Download File

Great Affordable Home For Sale in the Beautiful Mad River Valley!

411 Sugarbush Access Road, Warren, VT 05674
Single Family Home

3 bedrooms, 2 full baths, open kitchen, dining and living room, lots of natural light and sun, outdoor space, rustic stone steps, and large unfinished attic space for potential expansion. Energy efficient home with radiant heat, natural wood floors in living spaces and bedrooms, and ceramic tile in bathrooms. House is at end of shared drive nested into open and wooded area, berry bushes, mature trees, and babbling brook nearby. Potential views to the east across the Mad River Valley with some clearing. This home is less than 20 years old, so systems are modern and up to date, including newer heat pump hot water heater. Conveniently located just off the mountain road in Warren with nearby skiing, recreation trails, restaurants, shopping, schools, Waitsfield Village, Montpelier and Waterbury.

This home is for sale through Downstreet's down-payment assistance program. Income-eligible buyers can receive down-payment assistance up to $88,000, bringing the effective price down to $210,000 from the market price of $298,000.
View the full listing on Downstreet's website at: https://downstreet.org/411-sugarbush-access-rd-warren or call Cheryl for details at (802) 477-1331


Bedrooms: 3
Bathrooms: 2
Buyer’s Price: $210,000
Market Price: $298,000
Down-Payment Assistance: $88,000
Heat: Gas/Radiant
Water: Private
Sewer: Private
Built In: 2004
Finished Sq. Ft.: 778 sq ft
Included Appliances: Range/Oven, Refrigerator, Microwave