I wonder if that boy is in jail or dead?
Posted on 05/08/2024 11:45:06 AM PDT by TigerClaws
Vermont Business Magazine Champlain Housing Trust announced an expansion of its program that provides a $25,000 forgivable loan to buyers who are Black, Indigenous or people of color and who are buying a permanently affordable home through the trust or its partner agencies across the state. Originally operating in the northwest part of the state, the Homeownership Equity Program (HEP) Downpayment Assistance will now be available through nine partner organizations covering every county of the State.
The program was created with a three-year grant from the New England Federal Credit Union in 2021. The expansion of the program is funded with $1 million set aside from a gift CHT received from philanthropist MacKenzie Scott last fall.
“The nation has a disturbing history of lending and other policies that created a significant homeownership and wealth gap between white and non-white citizens,” said Michael Monte, the housing trust’s CEO. “Expanding the Homeownership Equity Program statewide by using a part of the gift from MacKenzie Scott is a great opportunity to increase equity and homeownership for people of color across the State.”
Shared equity homeownership offers buyers an opportunity to buy a home at a reduced mortgage amount. In exchange, owners share a portion of the increased value of the home with the new buyer when they sell. In this way, the homes are permanently affordable. HEP Downpayment Assistance offers an additional $25,000 in support for BIPOC buyers.
The new participating agencies cover the whole state. Angie Harbin, of Downstreet Housing and Community Development in central Vermont, expressed her organization’s enthusiasm to add HEP Downpayment Assistance to their suite of programs. “We need more tools like this one to support historically marginalized populations access homeownership. We are looking forward to sharing this new opportunity with our buyers,” she said.
HEP Downpayment Assistance is structured as a forgivable loan and is designed as a Special Purpose Credit Program authorized under the Federal Equal Credit Opportunity Act. Interested buyers should inquire about homeownership and this program with their local agencies.
Since its inception in 2022, 23 buyers have used CHT’s HEP Downpayment program. That amounts to 46% of all of the buyers of CHT homes when the program launched in October, 2022 – a doubling of previous rates since the program’s inception.
End Wokeness has the local video of news story on it:
https://twitter.com/EndWokeness/status/1788228182056816736
I have always suspected this.
Big real estate vulture/aggregators like Black Rock and subsidiaries are in the same game I suspect.
This is how they take over entire neighborhoods, cities, states and nations.
I’m waiting for a Red state to initiate a mortgage program for Whites Only. Or ... would that run into legal issues??
by “take over” I should clarify: my thesis that they do this for this new class of invaders we’re seeing.
Whites (who aren’t already wealthy) are the new Jews.
Evidently we’ve learned nothing from how the FAIR ACT (and rampant abuse of it) led to too many minorities buying expensive houses that they couldn’t afford. This is part of what led to the mortgage crisis.
Insolvent are us...
Somewhere, liberals have forgotten/ignored that there is an equal protection clause in the US Constitution. The governing body state must treat an individual in the same manner as others in similar conditions and circumstances.
I wonder if that boy is in jail or dead?
How does one legally prove that he is or is not white?
You have to admit there were unreasonable expectations. Like the lendees making their payments.
private racism is almost as bad as governmentally-imposed racism. but not by much
Leftists:
Race is a social construct.
“Gender” is fluid.
“I’m a white, straight male.”
KILL HIM!!!!!
How is this legal?
Legal is whatever the Left says it is.
You’d think Vermont would be encouraging people who pay taxes and receive no welfare to move there.
In any event, I, who doesn’t live in Vermont, hope my tax money is not eventually sent to Vermont to help them survive.
I identify as black, latino and native American. Does this mean I get three houses?
How long do these idiots think this country would last if white people just quit ... at whatever they were doing?
Which will turn out to be as legal as only giving money to white people. No difference
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