Source: Rutland Herald, August, 29, 2019

By: Bruce Edwards

“It’s a tough time for first-time home buyers.

Consumer confidence isn’t high and while mortgage rates are extremely low, banks have tightened up their lending standards.

But thanks to a year-old housing program, some low-income Vermonters are realizing their dream of home ownership.

Using $7 million in federal funding, the Housing Acquisition and Rehabilitation Program, or HARP, creates home ownership that remains perpetually affordable.

“We work with Realtors throughout the state, financial institutions as well, to purchase properties that have been foreclosed upon,” said Sarah Carpenter, executive director of the Vermont Housing Finance Agency…”

For full article click here

For a PDF of article click here