Our Work

Champlain Housing Trust Releases Study on Success of Homeownership Program

For the past 25 years, Champlain Housing Trust (CHT) has created homeownership opportunities for low and moderate income households and in exchange, home buyers have shared the market appreciation with the next buyers, allowing for these homes to remain permanently affordable.
CHT has just released a study examining their innovative homeownership program. Lands in Trust, Homes that Last, analyzes CHT’s work and proves how effective the organization has been in delivering benefits to both the individuals and communities they serve.

Key findings in the report include:

  • Homes got more affordable over time!
  • Two-thirds of CHT’s homebuyers used the equity they built in their homes to buy a home on the open market.
  • It would cost five times as much to create the homeownership opportunity that CHT has done if we invested in a conventional homeownership program that didn’t commit to permanent affordability.
  • The average CHT homebuyer earned less than 70% of median income.
  • Over 25 years and 615 homebuyers, there have been only nine foreclosures, and no public subsidy or home has been lost from CHT’s portfolio.

For a hard copy of the report, contact Chris Donnelly, chris@champlainhousingtrust.org.