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Read about how successful these members have been!

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HopeBuilders Breakfast

Attend one of our informational HopeBuilders breakfasts to learn more about the Champlain Housing Trust and the affordable housing work we do in northwestern Vermont.

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Capital Improvements 

Work done to the home that increases its market value. Capital Improvements are not granted for routine maintenance, repairs or normal replacement of items.  

At the resale of a Shared Equity Home with Champlain Housing Trust, the homeowner retains 100% of any market value that is added by capital improvements* and 25% of any additional appreciation. 

When an appraisal is ordered to determine the current value of a CHT home, the homeowner should prepare a list of improvements that have been done to the home. The appraiser will use this list to isolate the value that has been added by making these improvements.

Major Capital Improvement Notification

Prior to undertaking construction or modification of the home which will cost more than $10,000, the homeowner must first speak with CHT regarding this construction or modification. If the homeowner does not speak to CHT prior to the Major Capital Improvement, CHT has the right to deny Credit for this Major Capital Improvement.

A notification form is available for this purpose. Please see the full Capital Improvement Policy for additional information.

SEP Capital Improvement Notification Form SEP Capital Improvement Notification Form (139 KB)

SEP Capital Improvement Policy SEP Capital Improvement Policy (52 KB)


Is a Capital Improvement:  Is NOT a Capital Improvement:
Replacing wall to wall carpet with 
hardwood flooring
Replacing wall to wall carpet with 
new carpet
Adding a new garage to a home Replacing an existing garage door
Finishing a basement A fresh coat of paint
Completely remodeling a kitchen Replacing appliances
Adding a fireplace Repairing/replacing an existing 
heating system
Putting on a deck Replacing windows
Adding a bedroom or bathroom Replacing wiring or plumbing

Once it has been determined that there is a capital improvement, the appraiser will determine what value that improvement adds to the home.  This is NOT the cost of the improvement. This is the difference in the market value of the home with the improvement and without the improvement. So, for example, while it might cost $15,000 to add the new garage onto the home, having a garage may only add $10,000 to the market value of the home. Therefore, the seller will receive $10,000 in a Capital Improvement Credit. Capital Improvement Credits are given based on the increase in market value to the property due to the work regardless of the cost of the project.   

*CHT may limit the amount of Capital Improvement Credit based on the Capital Improvement Policy. 

SEP Capital Improvement Policy SEP Capital Improvement Policy (52 KB)