University Home Ownership Incentive Program
To assist with the dream of home ownership, the University has teamed up with the City of Rochester and several banks/credit unions to offer regular full-time and part-time faculty and staff, residents and fellows* $9,000 toward the purchase of a primary residence. The University Home Ownership Incentive Program provides new homeowners in the following charming and convenient City of Rochester neighborhoods † with $3,000 from the University, $3,000 from the City, and $3,000 from a participating bank/credit union ‡.
There are no maximum income requirements, but the plan requires five-year occupancy and employment commitments from the buyer.
If you are buying a home outside of these neighborhoods, check out the Mortgage Housing Incentive Program.
The approval process for Home Ownership benefits may take up to four months and may require completion of pre-purchase and post-purchase education classes at approved agencies.
* You are not eligible for the University Home Ownership Incentive Program if you are a postdoctoral fellow, postdoctoral research associate, postdoctoral teaching fellow, EDC Associate, or visiting faculty.
† Does not apply to current City homeowners whose primary residence is in the City.
‡ To receive the University’s or City’s benefit, you must finance the purchase of your home through a participating bank/credit union and be approved for the City of Rochester’s Employer Assisted Housing Initiative (EAHI).
The above map should be used as a general reference only. If a property is bordering another neighborhood, please contact the City at 585-428-6888 to confirm that a property is eligible.