Cornerstone Housing Partners Shared Equity Program helps ensure long-term homeownership affordability. Qualified buyers can purchase a home at a below-market price thanks to an investment from Cornerstone Housing Partners. This investment serves as the buyer’s down payment, reducing mortgage costs and making homeownership more affordable.
The house at 32 Pageant Street in Bennington was purchased back from the previous owner. Extensive repairs were needed and completed through a partnership with VHFA’s missing middle funds and Southwestern Vermont Medical Center. The property is now home to Patty who works at the medical center and Dustin works for Dailey’s Precast Plant. The Shared Equity Program made their dream of homeownership a reality. The property sold for $280,000, however they received an $80,000 Shared Equity grant for a net price of $200,000.
“We are so grateful for being part of the Cornerstone Housing Partners homeownership program. Without it we would still be renting. We have a beautiful home with a big yard; it is a dream come true.” – Patty & Dustin
For more information on the Shared Equity Program click here or call 802-438-2303.
