In addition to ACCT's single-family ownership program, which serves households earning up to 120% of Area Median Income by providing 20% downpayment grants up to $44,000, Habitat for Humanity is another great resource for Addison County residents seeking to own an affordable home. While ACCT homebuyers must be able to secure their own financing by qualifying for a traditional mortgage & must find prospective homes at market prices, Habitat offers a unique alternative. Buyers typically make 50-70% of Area Median Income, and both the homes and the mortgages are highly affordable--homes are built with volunteer labor and sold at cost, and no interest is charged on the house payments.
For more info, see HFHAC's post on Front Porch Forum on how to attend one of their upcoming info sessions:
Info Sessions: HFHAC Affordable Living Opportunities in Addison County
“We really believed that there had to be a better way to live than throwing almost your whole paycheck to rent and utilities every month………..quote from current homeowner.
Finding decent, affordable housing in Addison County is extremely difficult. Habitat for Humanity of Addison County builds affordable homes in partnership with families currently living in unsuitable housing. Our houses are designed to be super energy efficient and then and built by volunteer labor.
If this is you and you want to find out more and how to qualify come to one of our Information sessions in October and check out our website at : https://addisonhabitat.org/apply-for-a-home/
INFORMATION SESSION SCHEDULE:
WHEN? Tuesday, October 25th, 6:30 to 7:30,
WHERE?: Middlebury Community Center, Creek Rd, Middlebury
WHEN? Thursday, October 27th, 6:30-7:30
WHERE? Bixby Memorial Library, Vergennes:
Come and find out about our houses and how you may qualify.
Talk to PRESENT HOMEOWNERS,
childcare and light refreshments.
Obviously, no obligation.
Addison Housing Works staff members share news and information about upcoming events.