17. Expanding Access to
Homeownership
• Over CHT’s 25-year history, for all 629
households:
100% earned less than 100% of median
income
82% earned less than 80% of median
18. Median Price of CHT Resales
“During the 1999-2006
real estate boom, in
particular, when the
median sales price of
owner-occupied
homes in the Burlington
MSA increased by 85%,
the median price of
houses and condomin-
iums reselling through
CHT increased by only
35%.”
19. Net Equity Gains for CHT
Homeowners
Reselling after 5 ½ years,
the average CHT
homeowner got back
his/her initial investment
and walked away with a
wealth gain of $12,000
Avg. annualized rate of
return on the homeowner’s
initial investment: 25.4%
IRR
20. What Kind of Housing Was
Secured by CHT
Homeowners After Selling a
CHT Home?
21. Enhancing Residential Security
• How well has CHT performed in
protecting its portfolio of owner-
occupied housing?
• How well has CHT performed in
preventing foreclosures?
• How well has CHT performed in
helping low-income households
succeed at homeownership?
22. End Q4 2009: Percentage of Mortgages Seriously Delinquent &
In Foreclosure Process
23. Enhancing Residential Security
National Foreclosure Rate
December 2008
2.97%
National CLT Foreclosure Rate
December 2008
0.5%
CHT Foreclosure Rate
December 2008 25-year total
0.2% 0.1%
24. Enhancing Residential Security
Success of CHT’s first-
time homeowners
91%
Success of first-time
homeowners
(Herbert and Belsky, 2008)
Success of first-time
50%
homeowners
(Reid, 2004)
47%
25. Financial Sustainability
Subsidy is retained and recycled
Subsidy grows with value of
property
357 Households served
Average investment per HH:
$6,085
Cost one fifth of Conventional
program
27. National CLT Network
www.cltnetwork.org
Champlain Housing Trust
www.champlainhousingtrust.org
CLT Resource Center
Burlington Associates in Community Development LLC
www.burlingtonassociates.com