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 household and participates in the partnership program that may include financial counseling and household management education.
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 household and participates in the partnership program that may include financial counseling and household management education.
Residency – Each affiliate has a residency requirement. A partner homeowner 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 80% of area’s median income based on the household size (2021 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).
Ability to Pay a Mortgage - The applicant's household income is between 30% and 80% of area’s median income based on the household size (2021 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-
Accepting applications May 2, 2022-June 1, 2022
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:
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.
The Homeowner Selection Committee advertises for a homeowner partner and accepts applications.
The Committee reviews all completed applications and then the Homeowner Selection Committee:
- Requests more information if it is needed
- Reviews the tax return for the previous year and other material provided by the applicant to verify information on the application.
- Conducts a home visit at family's current residence.
- 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.
Download the Homeownership application below!
Download the below document to learn about CVHFH's Duplexes
| What is a duplex? |
Watch the video below to learn more about our homeownership program!
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