University of Rochester

Currents--University of Rochester newspaper

Sessions offer tips for home buying

Employees who are planning to buy, sell, or refinance a home may want to attend one of several upcoming "how-to" seminars sponsored by the University. These one-hour sessions will provide a general overview of "best practices" for becoming a first-time homeowner and for selling or refinancing a home.

"Many of our faculty and staff now enjoy city life, and we know they contribute considerably and in many ways to their neighborhoods and immediate communities," says Ronald Paprocki, CFO and senior vice president for administration and finance. "While our seminar will cover programs and tips for home ownership throughout the Rochester metropolitan area, we are holding these seminars in conjunction with the City of Rochester's City Living Sundays [March 6, 13, and 20] and hope that some of the special incentive programs for owning homes within the city may be of interest to faculty, staff, and their spouses."

As part of the seminars, banking representatives will be on hand to answer questions about their specific programs and to make appointments with employees for follow-up discussions. Housing incentives range considerably. For example, one bank offers up to $6,000 in closing costs for new homeowners within the City of Rochester. Another banking institution has special programs for new homeowners who have family incomes of $54,900 or less and who plan to purchase a residence in designated low- or moderate-income census tracts in the city.

Still other incentives are available for homebuyers throughout the greater Rochester area. Participating banks include CitiBank, HSBC, JPMorgan Chase, Advantage Federal Credit Union, and M&T Bank. These options are available to full-time and part-time employees of the University and Strong Health and are administered directly through those banking institutions.

Seminar dates, locations, and times

  • Monday, March 7 Medical Center, Upper Auditorium (3-7619), 3:30 to 4:30 p.m.

  • Tuesday, March 8 River Campus, Hoyt Auditorium, 3:30 to 4:30 p.m.

  • Wednesday, March 9 Medical Center, Whipple Auditorium (2-6424), 7 to 8 p.m.

  • Thursday, March 10 River Campus, Hoyt Auditorium, noon to 1 p.m.

  • Friday, March 11 Medical Center, Whipple Auditorium (2-6424), noon to 1 p.m.

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