Buy a Home
The leading developer and provider of affordable housing in the Upper Connecticut River Valley region for individuals and families with low to moderate incomes.
Homeownership Program
Twin Pines Housing provides down payment grants to help reduce the purchase price of a home or condo for qualifying families. In exchange for this grant, homebuyers agree to limit their profit should they sell the home. This profit cap allows the home to remain affordable to future buyers of modest means.
Grants may be available for buyers earning up to 120% of the county’s median income where the home is located (175% for homes through Woodstock Community Trust). For example, the 2023 income limit for a three-person household in Windsor County, VT is $100,800.
Our homeownership team has been stewarding homes in this program since 1990, with homes added to the program as new grants become available. So if you are interested in purchasing a home already in the program or have found your dream home on your own, it’s time to get started.
Learn how we help make homeownership a reality: download our brochure!
To apply for our program, please complete a Buyer Application: download our Buyer Application!
Mail or email the completed application to us and we will follow-up with you promptly.
Currently, no homes in the Twin Pines Housing Trust portfolio of homes are available for resale. However, downpayment assistance for buyer-driven deals in Vermont is available. Please refer to the section below “Downpayment Grants Help Qualifying Buyers Purchase a Home in VT.”
Downpayment Grants Help Qualifying Buyers Purchase a Home in VT
Twin Pines Housing is currently accepting applications for down payment grants to help qualifying buyers purchase a home in Vermont. The maximum grant amount is $80,000, or 35% of the purchase price of the property, whichever is less. New grant funds typically become available in July and go quickly, so contact us to begin the application process.
Targeted Downpayment Assistance
Twin Pines Housing (TPH) and Champlain Housing Trust (CHT) are committed to racial justice and permanently affordable housing. Due to a long history of discrimination, Black and other households of color have much lower homeownership rates than white households. White homeownership rates are over 70% in Vermont, compared to Black homeownership rates of 21%. In light of this history, CHT created the Homeownership Equity Program (HEP) to enhance and encourage homeownership for households of color. The CHT HEP down payment assistance product provides a bridge to homeownership.
The CHT HEP down payment assistance product offers home buyers of a TPH shared equity home a 0.00% interest loan (.06% APR)* of up to $25,000. Qualified CHT HEP program applicants who purchase, then own and live in their TPH shared equity home for three years or more will never have to repay the loan. The home buyer can use the funds to pay the costs of purchasing the home, to borrow less money from the bank, and to build home equity.
To learn more about this loan product, which is available through TPH, click here.
Homebuyer’s Workshop
Twin Pines Housing encourages ALL homebuyers, especially first-time homebuyers, to take an approved homebuyer’s class. Completion of an approved class is required before buying a home in our program and is also required by certain mortgage lenders, such as USDA Rural Development, VHFA and NH Housing. The three providers to the right offer approved classes – Downstreet and Windham & Windsor offer classes for Vermont, AHEAD offers classes for New Hampshire. Please click on their logo for class schedules and locations, including some online options.
Twin Pines Housing is expanding its offerings of local homebuyer classes. Save yourself the time and expense of driving an hour to 1.5 hours away by attending a class in the Upper Valley. Classes utilize the national eight-hour Neighborworks curriculum. Check back for local dates and times.
Twin Pines Housing is an equal opportunity provider and employer