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Mayor pitches grant for Barre homebuyers

Posted November 9, 2010

Source: WCAX.com, November 9, 2010, by Alexei Rubenstein

“Mayor Thom Lauzon is looking for a few good families to settle down and call Barre home. Last month he introduced a unique idea that calls for the city to provide a $5,000 grant to first-time homebuyers. The money would come from the estate of Charlie Semprebon. The former resident and avid cyclist donated over $3 million to be used for regional bike path improvements and other unspecified civic improvements. [More ...]

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Family helps build itself a better future

Posted May 15, 2010

Source: WCAX.com, May 15, 2010

By Jack Thurston

“Burlington, Vermont – May 15, 2010

At just 16 years old, Amanda LeBeau knows girls and women can do just about everything guys can. “Women can do anything. If they really want to, they can!” she beams.

So she’s rolling up her sleeves and helping build a better future for herself and her family. “I hope that we’ll be able to have a beautiful house,” the high school sophomore says. “Because I’ve never actually lived in a real house.” [More ...]

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Defying national trends, delinquent mortgages and foreclosures remain low in Community Land Trusts for 2009

Posted April 8, 2010

Source: National CLT Network, April 8, 2010

“Portland –Homeowners in Community Land Trusts (CLTs) across the nation continue to have substantially lower delinquency and foreclosure rates than owners of market-rate homes, according to survey results released today by an independent researcher at Vanderbilt University working in partnership with the National Community Land Trust (CLT) Network.

Results from the survey found that conventional homeowners were 8
times more likely to be in the process of foreclosure than CLT homeowners at the end of the 4th quarter of 2009. According to the Mortgage Bankers Association (MBA) survey of market-rate mortgages, 4.6% were in the process of foreclosure, compared to only 0.6% of CLT mortgages. This represents a widening of the gap as compared to 2008, when market rate homeowners were 6 times more likely to be in the process of foreclosure as compared to their CLT counterparts. [More ...]

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HUD fights loan modification scams

Posted March 1, 2010

“Last Friday, the U.S. Department of Housing and Urban Development (HUD) and the Loan Modification Scam Prevention Network launched PreventLoanScams.org, a site where homeowners can report alleged scams. [More ...]

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A Path to Homeownership: Building a More Sustainable Strategy for Expanding Homeownership

Posted February 24, 2010

By Rick Jacobus, David M. Abromowitz

“Homeownership continues to provide real social and economic benefits and remains a high priority for most American families, but the United States is experiencing significant declines in the ownership rate for the first time in decades. What we need is greater availability of targeted purchase assistance programs that address wealth barriers to homeownership…” [More ...]

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