News Release
UDM benefit encourages employees to "Live Where They Work"
University of Detroit Mercy President Gerard L. Stockhausen, S.J., unveiled a new benefit for UDM faculty and staff, the Employee Homeownership Program. This new initiative will offer financial incentives to employees if they choose to purchase a home in the surrounding neighborhoods of UDM's three campuses.
As part of the program, the University will offer a $5,000 down payment to qualifying employees that are buying a home in one of the three University neighborhoods. JVS, a Southfield-based non-profit human service organization, will partner with the University to help employees secure an additional $5,000 from HUD. JVS will also offer classes to help buyers financially prepare to purchase a home and maintain their investment.
The campus housing areas included in the program are: McNichols Campus from Wyoming, to the Lodge Fwy., to Linwood and 8 Mile Rd.; the Corktown Campus from Grand Blvd. to the Lodge Fwy., to Michigan Ave.; and the Riverfront Campus from the Lodge Fwy. to E. Lafayette Blvd. to Brush St., to Woodbridge St. to Orleans St.
University of Detroit Mercy has continued to offer students a quality education with a strong commitment to the city of Detroit through community outreach and partnerships. This program strongly reflects the urban university's mission in creating more of a "sense of community" for its employees.
"This benefit is a win-win for the University, our employees and the communities we serve," said President Stockhausen. "Over 130 years ago, we made an important commitment to the city of Detroit, and initiatives like this are important in continuing UDM's investment in our city's growth."
A Detroit resident, President Stockhausen also chairs the Board of Directors of University Commons, a community development organization in northwest Detroit comprised of neighborhood associations, Livernois Avenue businesses, Marygrove College and UDM.
For more information on the Employee Homeownership Program, contact University of Detroit Mercy's Human Resources department at 313-993-1036.
JVS is a nonprofit human service organization that annually serves nearly 19,000 people from four locations in metro Detroit. The agency is a leading provider of career development, employment, vocational rehabilitation, senior adult, youth and housing services.
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