Shared equity program helps bridge financial gap for homebuyers

Reposted from the Burlington Free Press, March 28, 2013. “Before moving to Vermont from Southern California in August, Steve and Rachel Smith had moved about seven times since their 8-year-old son Avery was born, including four times before he was two. Two moves were in the past six months…. Last week, the couple moved into the yellow split-level house on Palmer Court off Shelburne Road, listed for $210,000, that they bought with the help of a $48,000 down payment from the Champlain Housing Trust’s shared equity program. For buyers like the Smiths, who couldn’t afford a house on the open market, the Trust provides the money they need to get into a home…” Link to Full Burlington Free Press  View PDF of Full Burlington Free Press

Rachel and Steve Smith, and their son, Avery, have been able to buy their first home, in Shelburne, with help from the Champlain Housing Trust. / GLENN RUSSELL/FREE PRESS

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