To apply, request an Application for Affordable Housing Development. Site visits by VHCB staff are required prior to submission of the application. Housing applications are considered 3-4 times a year, depending on the availability of funds. A schedule of application deadlines and board meeting dates is posted at Application Process. A list of nonprofit housing organizations is posted at Vermont Nonprofits Homeland Grant funds administered by nonprofits subsidize the cost of single family homes, increasing affordability and guaranteeing perpetual affordability upon resale.
Appreciation is limited by an agreement between the nonprofit and the homeowner.
In return, the purchase price of the home is reduced significantly. Education-Built Homes VHCB makes grants for home building projects undertaken by Habitat for Humanity or Vocational Education programs around the state. The 29 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 reviewed by VHCB staff on an ongoing basis.