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

Mar 30, 2024 •247 likes •327 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

  1. Community Preservation Homes Program Jill Davies Board Member

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

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

  4. We’ve built a program to help moderate-income people live in Woodstock Mortgage Downpayment PMI Repairs Legal & Closing costs

  5. The Community Preservation Homes p rogram is a “buy - down” program Mortgage Down Payment PMI Repairs Legal & Closing costs

  6. We sell the home to a qualified household working with Twin Pines Housing Buyer Selection Buyer Qualifications • Income = 175% AMI or less 1 point Credit score >700 • Assets = $60,000 or less 1-3 points HH Size = # Bedrooms • Pre-qualified for mortgage 1-4 points Local preference 1 point < 151% AMI

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

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