Sessions outline homebuying incentives

epresentatives from five banking institutions will be on campus the week of May 19 for a "housing incentives fair." University employees can attend sessions to learn more about various incentive programs introduced by the University earlier this spring to encourage city homebuying.

Cosponsored by the University and its banking partners, the programs offer a range of incentives, including closing cost assistance.

Representatives from JPMorgan Chase, Advantage Federal Credit Union, CitiBank, M&T Bank, and HSBC will be available at the sessions listed below to discuss the options.

HSBC, the latest participant in this effort, is offering closing costs assistance of up to $3,500 for University employees purchasing homes in HUD-designated low-to-moderate income and/or "majority/minority" census tracts within the City of Rochester.

Additionally, HSBC will provide the same closing cost assistance for any University employee whose income is at or below 80 percent of the HUD-designated median income limit for Monroe County (currently $45,520) to purchase a home anywhere within the City of Rochester. Loans originated under this program will be at the current market rate. Another option available under this initiative is a discounted interest rate.

For more information, call the Benefits Office at x5-3696.

Medical Center

May 19
Flaum Atrium, Kornberg Bldg.
4 to 7 p.m.

May 20
House of Six Nations, North End
9 a.m. to noon

May 23
Flaum Atrium, Kornberg Bldg.
11 a.m. to 2 p.m.

River Campus

May 20
Bridge Lounge, Wilson Commons
1:30 to 4:30 p.m.

May 22
Bridge Lounge, Wilson Commons
9 a.m. to noon

Eastman School of Music

May 19
Promenade
9 a.m. to noon

Laboratory for Laser Energetics

May 21
COI Seminar Room
1:30 to 4:30 p.m.

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