Cornerstone Housing Partners Shared Equity Program
Funding status: Active
How much assistance
20% down payment grant through shared equity model; purchase at below-market price (Grant)
Shared equity model: buyer keeps 25% of home appreciation at resale, 75% stays with the property to maintain affordability for future buyers.
Eligibility
- Income limits: At or below 120% of Area Median Income (AMI) based on household size
- First-time buyer required: Yes — First-time homebuyer.
- Geographic restrictions: Rutland, Bennington, and Addison counties in Vermont.
- Homebuyer education required: Yes
How to Apply for Cornerstone Housing Partners Shared Equity Program
Step 1: Complete homebuyer education at a NeighborWorks HomeOwnership Center (West Rutland location at 110 Marble Street). Contact Cornerstone Housing Partners at 802-438-2303 to get started.
Notes
Formerly NeighborWorks of Western Vermont. Merged with Housing Trust of Rutland County and Shires Housing to form Cornerstone Housing Partners. Office at 27 Wales Street, Suite 201, Rutland, VT 05701.