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Rockingham Area Community Land Trust Charity Profile
Homeownership Personal Assistance: One-on-one assistance from a certified housing counselor that helps prospective buyers understand what they can afford, what mortgage products are available to them, and what the requirements are to qualify for a mortgage. Customers receive direct assistance in credit repair, budgeting and establishing savings. This service is offered without cost to all Workshop graduates.
Direct Financing Assistance: RACLT can provide qualified homebuyers with down payment and closing cost loans and grants.
HOMELAND Shared Equity Grants: Qualified homebuyers can have the purchase price of a home reduced by as much as 20% of the purchase price (with assistance capped at $40,000) by participating in the HOMELAND program, funded by the Vermont Housing and Conservation Board. Homebuyers agree to share the equity gained through market appreciation with future owners of their home. RACLT holds that equity in perpetual trust for the community, ensuring that a stock of single family homes will always be available to moderate income earning households.