Available Homes

Railroad Street, Milton - 2 Bedroom

Railroad Street, Milton - 2 Bedroom

    $100,000

    Address:
    24 Railroad Street
    Milton, VT 05468

    Bedrooms: 2  Bathrooms: 1

    Market Value: $175,000

    CHT Investment: $75,000

    Buyer's Price: $100,000 *

    Estimated Property Taxes: $3,768 per year

    A Green Mountain Habitat for Humanity and CHT Partnership: Contact CHT today for more information.

    This duplex on Railroad Street in Milton will have one home that is a two bedroom one level home and one home that is two stories with four bedrooms. Both will have full basements. The owners will share use of the driveway and land around the home, but will be solely responsible for the interior and exterior of their half of the building.

    CHT is teaming up with Green Mountain Habitat for Humanity to build and sell a new home in Burlington. They will be built by Habitat for Humanity and then sold in to the Shared Equity Program at CHT. Interested applicants must submit all necessary information to CHT by February 28, 2019. Buyers must qualify for both Habitat for Humanity and the Shared Equity Program. They must be willing to put in at least 200 hours of volunteer hours with Habitat for Humanity. There are reduced income limits to purchase these homes. Please see the table below: 

    Household Size Maximum
    Income 
    2 $44,100
    3 $49,620
    4 $55,080
    5 $59,520
    6 $63,900

    Other Requirements:

    • Must qualify for a conventional mortgage with a local lender
    • Must attend Homebuyer Education and Shared Equity Informational Meeting
    • Must live in substandard housing currently according to Green Mountain Habitat for Humanity’s guidelines
    • Must have $3,000 in personal savings

    Construction will start in Spring of 2019 with an expected completion date around December of 2019.


    Contact Us for More Information: 802-861-7373

    More Info

    • Year Built: 2019
    • Style: Duplex
    • Total Finished Sqft: 864
    • Basement: Unfinished

    For Estimated Monthly Costs Download the Listing Sheet

    • Heat: Propane
    • Water Heat:Propane
    • Sewer: Public
    • Water: Public 
    • Appliances Included: Refrigerator, Gas Stove, Dishwasher
    • Washer and Dryer Hook-ups: Yes

    Contact Us for More Information: 802-861-7373

    More Info

     

    Contact Us for More Information: 802-861-7373

    More Info

    How To Purchase

    • Attend the one-hour Shared Equity Program Informational Meeting
    • Complete and submit application
    • Meet income and asset eligibility requirements 
    • Attend the Homebuyer Education Workshop
    • Attend one-on-one counseling with a CHT counselor
    • Have a current pre-approval letter from an approved CHT lender
    • Be able to contribute at least $3,000 of your own funds towards closing costs (typically from $6,000 to $8,000)
    **Must complete all program requirements by February 28, 2019**

    Shared Equity Program Application Shared Equity Program Application (576 KB)

    Contact Us for More Information: 802-861-7373

    More Info