Preservation Homes Program Jill Davies Board Member Woodstock - - PowerPoint PPT Presentation

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Preservation Homes Program Jill Davies Board Member Woodstock - - PowerPoint PPT Presentation

Mar 30, 2024 247 likes •329 views

Community Preservation Homes Program Jill Davies Board Member Woodstock Community Trust is a non- profit engaged in community centered solutions Weve built a program to help moderate-income people live in Woodstock Weve built a

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Community Preservation Homes Program

Jill Davies Board Member

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Woodstock Community Trust is a non- profit engaged in community centered solutions

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We’ve built a program to help moderate-income people live in Woodstock

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We’ve built a program to help moderate-income people live in Woodstock

Mortgage Downpayment PMI Repairs Legal & Closing costs

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The Community Preservation Homes program is a “buy-down” program

Mortgage Down Payment PMI Repairs Legal & Closing costs

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We sell the home to a qualified household working with Twin Pines Housing

Buyer Qualifications

  • Income = 175% AMI or less
  • Assets = $60,000 or less
  • Pre-qualified for mortgage

Buyer Selection 1 point Credit score >700 1-3 points HH Size = # Bedrooms 1-4 points Local preference 1 point < 151% AMI

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We are selling our first home this month, 6 months after we started investigating the idea