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Employee Home Ownership Program / Summary

Temple’s Employee Home Ownership program strengthens the University’s commitment to the community by helping employees invest in home ownership.

Temple provides access to several financial programs for full-time staff and faculty who purchase and reside in single family homes in the communities surrounding the Main and Health Science campuses.

Full-time, permanent employees are eligible to receive forgivable loans of $4,000 or $5,000 from Temple toward the purchase of a single family home in selected zip codes. Loans will be forgiven at a rate of $83.33 per month ($1,000 per year) until the entire loan is forgiven. The home must be used as a primary residence throughout the entire life loan period.

In addition, employees may receive additional support through the City of Philadelphia’s Home Buy Now program.

The City of Philadelphia’s Home Buy Now matching grant portion of the program is temporarily suspended effective March 7, 2015. The program will continue providing employees with home buying and financial education workshops, information on housing counseling agencies and other housing resources. If you have any questions, please contact Christopher Waters, program manager, at cwaters@uac.org or 215-851-1955.

Eligibility

The program is available to all active, full-time, permanent, non-probationary employees of Temple University. Funds will be provided directly to the closing agent at settlement.

For additional information about the Temple University Employee Home Ownership Program, please contact Gerry O'Kane, Assistant Director of Benefits, Department of Human Resources at either 215-926-2281 or geralyn.okane@temple.edu.

 


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