In recent years, the high cost of rent is putting a severe financial burden on many Vermonters. Homeownership rates are going down because many cannot afford to focus on saving to purchase a home while also paying for necessities such as rent, utilities, and in the case of many young adults, student loan debt. Given that homeownership brings many benefits to both consumers and communities, organizations like the Vermont Housing Finance Agency are working hard to ensure that would-be first time homebuyers can have access to the assistance that they need when it comes time to purchase a home.
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