- Food Access
- Lead Paint
- VHCB AmeriCorps
- Vermont Farm & Forest Viability
- News & Resources
- ABOUT US
to our office CONTACT US:
58 East State Street
Montpelier, VT 05602
The HOMELAND Program provides purchase subsidies to make home ownership more affordable for Vermonters. Assistance with closing costs and rehabilitation loans may also be available to participants in the HOMELAND Program. Applicants for HOMELAND funds are pre-qualified to purchase a home within a given price range based on their income. Depending on income level, need, and other factors, homeowners may receive grants (generally 20% of the purchase price, up to $44,000) towards the purchase of a home. In addition to the HOMELAND grant, buyers must obtain mortgage loan financing and contribute their own cash resources (at least $1,500) towards the purchase price of the home.
HOMELAND grant funds provided by the Vermont Housing & Conservation Board are administered by regional housing nonprofits to subsidize the cost of purchasing a home, increasing affordability and guaranteeing permanent affordability upon resale. Appreciation is limited by an agreement between the nonprofit and the homeowner. In return, the initial purchase price of the home is reduced by the amount of the grant. Subsequent purchasers are able to benefit from the limited appreciation and purchase a home for less than market value.
Successful completion of a home purchase education program at one of five NeighborWorks HomeOwnership Centers around the state is a requirement for each buyer receiving HOMELAND funds. The HomeOwnership Centers are located in Burlington, St. Albans, Springfield, West Rutland, Brattleboro, Lyndonville and Barre.
Contact a participating nonprofit housing organization and ask for details on the HOMELAND program. Applications are accepted on a rolling basis as long as funds are available.
More information on the HOMELAND Program, how to apply, policies and contact information
List of participating nonprofit housing organizations
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.
List of statewide Habitat for Humanity Chapters
Nonprofit applicants should review Guidelines on Habitat for Humanity or Vocational Education-Built Home Programs.
Download the application (MicrosoftWord version) or Adobe Acrobat (pdf) version and the budget form.
Homeownership Policies & Guidelines
Buyer Cash Assets Guidelines 11/04 (PDF)
Default & Foreclosure Guidelines 9/00 (PDF)
Resale Guidelines 1/01 (PDF)
Refinancing Guidelines 4/99 (PDF)
Single Family Assistance Program 11/07 (PDF)
Water & Waste Water Guidelines 7/04 (PDF)