Habitat homebuyer
Bucks County Commissioner Diane Ellis Marseglia applauded homebuyer Jenny, Habitat Bucks’ 125th homebuyer at a home dedication ceremony in Bristol, PA on November 15. Jenny and her boys will be home just in time for the holidays!
Jenny’s home was the first of Habitat Bucks’ new land trust homeownership model. Through the land trust, Habitat Bucks retains ownership of the land, while buyers enter into a long-term renewable land lease partnership as they purchase their houses with affordable mortgages; just as before, they own their homes – continuing the tradition of putting down roots, growing, dreaming and thriving. When homeowners choose to move on – they agree to resell their home to another qualified homebuyer at an affordable price. Habitat Bucks homeowners get to “pay it forward” to the next generation of Habitat homebuyers.