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New Grants Available for VT Homeowners

Housing Development Fund

Rutland, VT (March 22, 2019) – NBT Bank is announcing new grants available to qualified homebuyers to help make the purchase of a home more affordable.

NeighborWorks of Western Vermont has been selected by the national NeighborWorks organization to work with local banks and offer a limited number of grants for qualified buyers through its “Project Reinvest” program. NBT Bank is one of only two local banks funding these grants.

There are thirteen total grants available. Each grant provides $10,500 to go toward the down payment and closing costs for a home purchase. Grants are available to both first-time home buyers and certain non-first-time home buyers who meet additional criteria.

“Spring is prime time to look for a new home, and this is a great opportunity for qualified purchasers to get some financial help,” said NBT Bank Business Development Officer Peter O’Brien. “There is nothing better than helping someone fulfill their dream of home ownership. Interested homebuyers need to hurry, though, as there are a limited number of grants available and loans must be completely finalized by the end of May.”

Given the time it takes for forms and approvals, this means the process must be started no later than the early part of April. Potential buyers interested in learning more should contact NBT Bank in Rutland.

This year, NBT Bank is also celebrating ten years of serving customers and communities in Vermont. NBT opened its Vermont Regional Headquarters in Burlington in 2009 and since has added offices in Williston, Essex and Rutland as well as locations in Massachusetts, New Hampshire and Maine. Most recently, NBT Bank added an ATM at the Healthy Living store in South Burlington.

About NBT Bank

NBT Bank offers personal banking, business banking and wealth management services from locations in six states, including New York, Pennsylvania, Vermont, Massachusetts, New Hampshire and Maine. The bank and its parent company, NBT Bancorp, are headquartered in Norwich, NY. NBT Bancorp had assets of $9.6 billion as of December 31, 2018, and is traded on the Nasdaq Global Select Market under the symbol NBTB. More information about NBT is available online at www.nbtbank.com. Member FDIC.

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