Coppin State University has unveiled an exciting new initiative to foster homeownership among its employees while contributing to the revitalization of West Baltimore neighborhoods. The “Live Near Your Work” program, developed in partnership with the City of Baltimore, offers generous financial incentives for Coppin State staff who choose to buy homes close to their place of employment.
Eligible employees can benefit from grants starting at $50,000 to help cover down payments and closing costs associated with purchasing a home. Remarkably, these grants can be increased to as much as $90,000 when combined with additional assistance programs, showcasing a collaborative effort between Coppin State and city officials to bolster community development.
The primary objective of the “Live Near Your Work” program is to encourage university employees to live near their workplaces, thereby strengthening the fabric of West Baltimore communities.
The program makes special considerations to support first-time homebuyers, ensuring that the dream of owning a home is more accessible for those entering the market.
Who Qualifies for Live Where You Work?
For Coppin State employees interested in applying for the program, specific qualifications must be met, including:
– Employment as a full-time, benefits-eligible staff member at Coppin State.
– Commitment to using the purchased property as their primary residence.
– An agreement to occupy the home for a minimum of five years.
Dr. Anthony L. Jenkins, president of Coppin State University, expressed enthusiasm for the program, stating, “We are proud to launch the ‘Live Near Your Work’ program as part of our ongoing efforts to support our employees and invest in the future of West Baltimore and the State of Maryland. This initiative not only helps our staff achieve the dream of homeownership but also strengthens our community by fostering closer connections between where we work and live.”
University employees seeking further details or wishing to apply for the “Live Near Your Work” program are encouraged to contact the human resources department for guidance.