$5,000-$15000 For University Circle Employees Looking For a House!!!

Posted by The Lohser Group Cleveland on Monday, September 15th, 2008 at 10:33am.

Greater Circle Living offers a $5,000 forgivable loan for down payment and/or closing costs for the purchase of an owner-occupied home by full-time employees of any nonprofit institution in Greater University Circle (see map).

Loans are forgiven if the employee continues to work for a participating Greater University Circle institution (see your employer for specific eligibility requirements) and continues to occupy the residence for five years after the loan closes.

Employees of Case Western Reserve University, Cleveland Clinic, Cleveland Museum of Art, Judson at University Circle and University Hospitals may be eligible for an additional $10,000 forgivable loan for down payment or closing costs for the purchase of an owner-occupied home, or one month’s rental reimbursement in Greater University Circle. Employees at these institutions currently living in the district may be eligible for up to $4,000 in matching funds for exterior renovations.

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