Twin Pines Housing Trust -- Buy a Home

BUY A HOME

IMPORTANT! These homes will be shown by appointment only. If you are interested in seeing these homes or have any questions, please call Helen Hong at (802) 291-7000 or email helen.hong@tphtrust.org.

31 Starlake Lane -- 3 bedrooms, 1.75 baths. Priced at $129,000.

Home is in a 14-home development, Starlake Village, only 5 miles from Norwich town center.

Full, finished basement with family room, bath and spare rooms (i.e., office space).
New soapstone wood stove that heats the house.
Rear deck built around 2008.
Fourteen acres of shared common land.

Click here for more information; and here for a buyer application.

Home for sale in Tunbridge, VT! Priced at $116,930.

Two-bedroom, one-bath house on about one acre of land. Built in 2000 and well loved by one of our homeowners.

Big kitchen with all the cabinets and counterspace you’ll ever need.

Roomy porch, surrounded by nature.

Full basement, outdoor shed with electricity, fenced-in yard, wood stove that can heat the entire house.

Only a few miles from the Vermont Law School in South Royalton.

Click here for more information; and here for a buyer application.

Delinquencies and foreclosures remain low in community land trusts for 2009!

TPHT’s homeownership program is based on the community land trust (CLT) model. This model offers low to moderate income households the opportunity to buy homes at prices substantially below market rates. In exchange, homeowners agree to limit the appreciation they receive when they sell their home in order to keep it affordable to future generations of buyers. CLTs provide pre-purchase education and support that prepare families for homeownership, and after purchase, CLTs provide ongoing stewardship services to homeowners for as long as they own their homes. In March 2010, a survey was done of community land trusts across the country. Survey results show that CLTs continue to substantially outperform conventional housing when it comes to both foreclosures and delinquency. CLT homeowners were over 8 times less likely to be in the foreclosure process as compared to conventional homeowners. The foreclosure rate for CLT homeowners was 0.56%! The delinquency rate for CLT homeowners was 1.6%, as compared to 5.4% to 30.6% for conventional homeownership. Read more here.

Live at Gile Hill, a new community in Hanover, NH! The first four affordable condominium units have been sold. We anticipate additional affordable condo units will be built and ready for occupancy around Spring 2010. If you are interested in applying for a unit, please complete an application form (click here). Click here for a Frequently Asked Questions sheet about affordable homeownership at Gile Hill.

First-time homebuyers and persons who have not owned a home in the last three years may be eligible for a $20,000 subsidy. The subsidy is available through the New Hampshire Housing Finance Authority and is unique to Gile Hill.

Homeownership. If you are exploring the possibility of homeownership and the opportunities that may be available to you, please complete a Buyer Application (click here to download an application). Please return the application to us by fax or mail. Once we receive your completed application, we will be in touch with you about the next steps.

Grants of up to $40,000 may be available to income-qualified persons to help make a downpayment or purchase a home on the market in Vermont. Grants are subject to availability and can be used in Vermont only. Please click here for a summary sheet about the grant program.

Homebuyer's Class. Twin Pines strongly encourages all homebuyers, especially first-time homebuyers, to take a homebuyer’s class. Completion of such a class is required to buy some of the homes in our program. We will accept only classes that are offered by the following providers. Please click on their link for class schedules and locations.