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Twin Pines Housing Shared-Equity Homeownership Program (Down Payment Grants)

Twin Pines Housing (Twin Pines Housing Trust) · Grafton County, New Hampshire

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Assistance

$80,000

The maximum the program publishes — not an offer

Income limit

120% AMI

Of area median income; varies by county and household size

Repayment

Grant

Not repaid

What is Twin Pines Housing Shared-Equity Homeownership Program (Down Payment Grants)?

Twin Pines Housing Shared-Equity Homeownership Program (Down Payment Grants) is a grant for homebuyers in Grafton County, New Hampshire, administered by Twin Pines Housing (Twin Pines Housing Trust).

  • Twin Pines Housing is a community land trust serving the Upper Connecticut River Valley of NH and VT. Through its shared-equity homeownership program it provides down payment grants (up to $80,000 or 35% of price) that reduce a qualifying buyer's purchase price well below market value. In exchange the buyer accepts a permanent resale restriction limiting their share of future appreciation, keeping the home affordable for the next income-eligible buyer. In New Hampshire the program operates in Grafton County.
  • Down payment grant up to $80,000 (lesser of $80,000 or 35% of price).
  • Possible closing cost assistance up to $4,000.
  • Below-market purchase price reduces mortgage and monthly cost.
  • Long-term stewardship support.
  • Strong foreclosure-prevention track record.

How much assistance does it provide?

Twin Pines Housing Shared-Equity Homeownership Program (Down Payment Grants) offers up to $80,000 in assistance.

  • Buyer contribution: Minimum $2,000 of personal savings toward closing costs / purchase price.
  • Amounts are the program's published maximums, not an offer — Twin Pines Housing (Twin Pines Housing Trust) determines any individual award.

Do you have to pay it back?

Twin Pines Housing Shared-Equity Homeownership Program (Down Payment Grants) is structured as a grant, so it is not repaid.

  • Repayment is triggered by Shared-equity grant, not repayable. At resale the homeowner receives only ~25% of appreciation; the grant value plus the balance of appreciation stays in the home to preserve affordability for the next income-eligible buyer.
  • The assistance is recorded in Affordability covenant / resale restriction recorded against the property (CLT model) position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Twin Pines Housing Shared-Equity Homeownership Program (Down Payment Grants) is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Approved Homebuyer Education Workshop (NeighborWorks 8-hour curriculum); for NH buyers, AHEAD offers approved classes.
  • Residency: Must occupy as a primary residence at least nine months/year (limited case-by-case exceptions).
  • DRAFT (dpa-gap-finder 2026-06-13): pending review. Approved TPH grant application on file; lender prequalification letter dated within 60 days; minimum $2,000 personal savings; completed homebuyer education; TPH/funder approval of financing, DTI, inspection and appraisal; cannot currently own a primary residence; asset limits apply. UNCONFIRMED (not on official source): Grafton County NH income table by household size, NH-path max purchase price, min_credit_score, max_dti, NH funding source, participating lenders.

The program excludes

  • Manufactured homes
  • Households above 120% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Twin Pines Housing Shared-Equity Homeownership Program (Down Payment Grants) limits household income to 120% of the area median income, which varies by county and household size.

  • Generally may not earn more than 120% of county median income at time of purchase; adjusted annually by HUD (~April). NH portion of the program is in Grafton County; published worked examples in TPH documents reference Vermont's Windsor/Orange Counties, and the Grafton County NH limit table by household size was not published in the fetched documents.
  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Twin Pines Housing Shared-Equity Homeownership Program (Down Payment Grants) can be used for Single Family and Condo.

  • Manufactured homes are not eligible.

Where does it apply?

Twin Pines Housing Shared-Equity Homeownership Program (Down Payment Grants) serves buyers purchasing in Grafton County, New Hampshire.

How do you apply?

Applications for Twin Pines Housing Shared-Equity Homeownership Program (Down Payment Grants) go through Twin Pines Housing (Twin Pines Housing Trust), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Approved Homebuyer Education Workshop (NeighborWorks 8-hour curriculum); for NH buyers, AHEAD offers approved classes..

  2. Contact Twin Pines Housing (Twin Pines Housing Trust) to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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