Take Care of the Home You Have
Due to funding restraints, CHT is no longer able to offer home repair grants of $2,500. We apologize for any inconvenience.
We are still accepting applications for our home repair loan program; however, due to a high volume of projects it may be 12-14 weeks before we can process initial eligibility.
Are you avoiding home repair projects due to cost? The Loan Fund at Champlain Housing Trust helps homeowners address critical health and safety issues through low cost loans, flexible terms, and matching grant funds. Projects can include new roofs, heating/hot water systems, electrical and plumbing updates, and replacement of major items such as wells and septic systems. CHT can also help with energy improvements and home accessibility modifications. Additionally, CHT will help you navigate the construction process and ensure your contractor is fully insured. Essential repairs can make your home safer, more comfortable, more attractive, and more affordable to heat.
Apply today to help protect your biggest asset!
CHT Loan Fund Staff can help you:
- Determine your scope of work
- Navigate the construction process
When you are interested in a Home Repair Loan from the Champlain Housing Trust, the first step is filling out an eligibility packet, and then CHT will do a site visit at your home. We will review the project that you would like to have completed and assess your home for other health and safety related issues. The source of the funding that we use for our loans requires us to repair ALL health and safety related issues. Once a scope of work is drafted for your project, you will get estimates from insured contractors to determine the total cost of the project.
Basic Requirements for Owner-Occupied Home Loans:
- You must own your home (single family home, condo, or mobile home) and live in it as your primary residence.
- Your home must be located in Chittenden*, Franklin, or Grand Isle County (*Burlington properties are not eligible).
- Loans are secured by a mortgage on your home, so you must have enough equity to secure a loan.
- Your credit history and debt payments will also be considered.
- Your gross household income (before taxes and deductions) must be less than 80% of AMI (see chart below).
- Must have homeowner’s insurance and show proof of your policy.
Click here to get to our participant portal.
Download the eligibility packet
Basic Requirements for Landlord Loans:
- Property must be located in Chittenden, Franklin, or Grand Isle Counties (*Burlington properties not eligible). Rental units must be one of the following:
- Owner Occupied dwelling up to four units
- Single Family Rental
- Duplex Rental
- Accessory Apartment
- Majority of tenant incomes must be at or below 80% of AMI (see chart below)
- Landlord income, debts, and credit history will be considered.
- Loan will be secured by a mortgage on the property.
- HUD Fair Market Rents will apply.
Download the landlord application
| Household Size | Maximum Income |
|---|---|
| 1 person | $66,600 |
| 2 person | $76,100 |
| 3 person | $85,600 |
| 4 person | $95,100 |
| 5 person | $102,750 |
| 6 person | $110,350 |
| 7 person | $117,950 |
| 8 person | $125,550 |
| If your income is close, please apply. Call for larger household size income eligibility. *Burlington residents are not eligible. | |