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University will pay 10% of price to help (some) new faculty buy a house!

This would be the University of Washington. Many other of our AAU public and private peers have various plans to help faculty with the cost of housing, ranging from university owned apartments and condos rented at subsidized rates to schemes where the university shares the cost of a house purchase, but also the equity. The Admin Bargaining Team’s Hal Sadofsky has conveniently omitted these, and their absence at UO, from his analysis of the cost of living at different AAU schools. Link here, please post links to other programs you know of in the comments:

7 Comments

    • UO Matters Post author | 09/17/2024

      Colorado – two plans, one with lower interest, the other where they’ll “loan” you $130K for a downpayment. “No principal or interest payments are due during the term of a shared appreciation FHAP loan which is funded by the University. Upon the maturity of the FHAP shared appreciation loan, the University is repaid the principal amount of the loan, and in lieu of interest being paid on the FHAP loan, the University is also paid a share of appreciation of the value of the home purchased with the FHAP loan.” https://www.cu.edu/doc/fhapdescription0924pdf

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  1. Thedude 09/18/2024

    UC Irvine has subsidized housing you buy from the university and then you sell back. UCSb have people 50k for down payment and then would pay down their interest rates too.

    Faculty at UCSb can live in subsided grad student housing for first 3 years.

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