March 30, 2009
Greater Circle Living Program
The Employee Housing Program has now evolved to become the Greater Circle Living Program which provides closing cost/down payment assistance to eligible full time employees at Case Western Reserve University seeking to purchase/renovate a home in the City of Cleveland. By providing Case employees the incentive to buy a home in Cleveland, as well as revitalize their current Cleveland-city residences, the program aims to strengthen the community in which the University flourishes. Additionally, the program serves as a retention and recruiting tool. Many people who work at the university enjoy having the ability to walk, ride their bikes or take public transportation to work due to the close proximity to the university. The uniqueness of the program will attract the best job candidates, and keep the best employees at Case. Since 2004, more than $500,000 has been invested by the university which leveraged several million dollars of housing opportunities for over 60 employees who became first time home buyers in the City of Cleveland.
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.
The program is funded by Case, Cleveland Clinic, the Cleveland Foundation, Cleveland Museum of Art, Judson at University Circle, the Kent H. Smith Charitable Trust, the Surdna Foundation and University Hospitals. Inspired by a program in West Philadelphia by the University of Pennsylvania, Greater Circle Living aims to transform Greater University Circle into destination not only for visitors who already flock to its cultural institutions, but for employees seeking to live near these amenities and the places where they work. Fairfax Renaissance Development Corporation administers the program on behalf of all the participating institutions.
The Fairfax Renaissance Development Corporation
Greater Living in the Circle Center
Posted by: Latisha James March 30, 2009 02:52 PM
Category: Office of Human Resources/Equal Opportunity & Diversity , Schools and Centers