Since 2008, 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 $9,000 toward the purchase of a primary residence in the University’s historic surrounding neighborhoods. Now, the University Home Ownership Incentive Program is growing to assist employees in buying a house in three additional Rochester areas: Beechwood, EMMA (East Main, Mustard & Atlantic Avenue), and Marketview Heights.
“We welcome this opportunity to support our employees who live near our University and in neighborhoods that we are supporting as part of a community-wide revitalization effort,” said University President and CEO Joel Seligman. “This is an important way to support the City of Rochester.”
The Beechwood, EMMA, and Marketview Heights neighborhoods were selected to join the program based the Rochester-Monroe Anti-Poverty Initiative’s focus on improving these historic districts, as well as the University’s connection to East High, which serves students in these areas.
The University Home Ownership Incentive Program provides qualifying new homeowners with $3,000 from the University, $3,000 from the City, and $3,000 from a bank or credit union participating in the program. In addition to the three newly added areas, the program continues to serve its original neighborhoods—19th Ward; Genesee Jefferson; Plymouth Exchange; Mayor’s Heights and Bulls Head (formerly Sector 4); Upper Mount Hope; Swillburg; South Wedge and Highland Park (formerly Sector 6); and Greig Square at Corn Hill.
For a more detailed map of qualifying City neighborhoods, visit www.rochester.edu/benefits/housing.
There are no minimum or maximum income requirements, but the plan requires five-year occupancy and employment commitments from the buyer.
Since the program’s founding almost a decade ago, more than $1 million in financial incentives have helped University faculty and staff achieve the dream of home ownership in Rochester.
