Downstreet Shared Equity Program Down Payment Assistance Grant

Downstreet Shared Equity Program Down Payment Assistance Grant is a grant for homebuyers in Barre, Vermont, administered by Downstreet Housing & Community Development. Downstreet Housing & Community Development's Shared Equity Program provides down payment assistance grants of up to 20% of a home's market price to income-eligible buyers in central Vermont (Washington, Orange, and Lamoille counties). The grant stays with the home to keep it permanently affordable for future eligible buyers; in exchange, the original buyer agrees to limit the profit earned from appreciation. Buyers must earn at or below 120% of AMI and complete homebuyer education and counseling through Downstreet's HomeOwnership Center. Down payment assistance grant up to 20% of market price. Keeps homeownership affordable and sustainable. Often combinable with VHFA ASSIST or credit union programs. Free homeownership counseling included. Funding comes from Local, state, and national investors supporting Downstreet's shared-equity program.

Downstreet Shared Equity Program Down Payment Assistance Grant is structured as a grant, so it is not repaid. Repayment is triggered by Grant remains with the home; the buyer agrees to limit the profit they make from appreciation (shared-equity resale restriction). Not repaid as long as residency rules are met. The assistance is recorded in subordinate position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Downstreet Shared Equity Program Down Payment Assistance Grant is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through All applicants complete homebuyer education and counseling through Downstreet's HomeOwnership Center before purchasing. Residency requirement: Must purchase a Downstreet shared-equity home and occupy it as a primary residence; service area covers Washington, Orange, and Lamoille counties. Requires purchase of a Downstreet shared-equity home with a resale/limited-appreciation restriction. Income at or below 120% AMI. Service area Washington, Orange, and Lamoille counties. Exact grant dollar amounts and credit/DTI thresholds not published; left null.

Downstreet Shared Equity Program Down Payment Assistance Grant limits household income to 120% of the area median income, which varies by county and household size. Household income at or below 120% of Area Median Income (AMI); HUD income limits are set annually and applied by household size and county. 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.

Downstreet Shared Equity Program Down Payment Assistance Grant can be used for single_family and condo.

Downstreet Shared Equity Program Down Payment Assistance Grant serves homebuyers purchasing in Barre, Vermont.

Applications for Downstreet Shared Equity Program Down Payment Assistance Grant go through Downstreet Housing & Community Development, which publishes the current terms and the application steps on its own site. Funds are reserved through Begins with a free initial consultation with a Downstreet HomeOwnership Center counselor; then complete the Shared Equity Program application. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.