News from our friends across the street at Champlain Housing Trust (CHT): A new study shows community land trust homeowners have lower foreclosure and delinquency rates.
The numbers come from a new report published by Emily Thaden, a researcher at Vanderbilt University, and the National Community Land Trust Network. They show "conventional" homeowners were eight times more likely to be in the process of foreclosure than land trust homeowners at the end of the fourth quarter of 2009.
A story from the Associated Press (AP) today echoes what we wrote in this year's "Between a Rock and a Hard Place: Housing and Wages in Vermont" report: Homes are still unaffordable for many despite lower interest rates.
The AP cites job security, poor credit score and lack of cash as contributing factors to the problem.
WCAX-TV Channel 3 aired a follow-up to its story from a couple weeks ago about Wharf Lane Apartments.
Officials from Vermont Housing Finance Agency, Housing Vermont, Champlain Housing Trust, Vermont Housing & Conservation Board, the State of Vermont and others cut the ribbon on Blake Commons in Swanton Village yesterday.