University Assisted Housing Program
University Assisted Housing Program Information
-
Upcoming Dates- (Home Buyer Edu. Courses)
__________________________________________________________________________________________
Loyola University Chicago is pleased to announce the establishment of a new University Assisted Housing Program (UAH program) beginning March 1, 2008. Loyola’s UAH program is designed to encourage home ownership in the city of Chicago, near the Lake Shore and Water Tower campuses, by assisting eligible Loyola faculty and staff with closing costs and down payment assistance for the purchase of a home or condominium as your primary residence.
Loyola’s UAH program partners with the Metropolitan Planning Council and Rogers Park Community Development Corporation to educate and prepare all participants for home ownership, as well as connect Loyola faculty and staff with available University, city and state funding in order to make home ownership a reality. This program is a marked improvement on a number of programs that other area universities and employers administer.
Each year, the program will provide up to 25 eligible faculty or staff members with a five-year forgivable loan of up to $10,000; however, the amount of the loan given will depend on the faculty or staff member’s median household income, and the geographical location of the purchase location. Please use the above links to find out more information about this new and exciting program or please call Human Resources at x56175.