Loyola University Chicago joins REACH Illinois - Metropolitan Planning Council

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Loyola University Chicago joins REACH Illinois

The school's new University Assisted Housing program is designed to help employees buy homes closer to work, with a particular focus on communities served by the CTA Red Line.

The new Loyola University Chicago (LUC) University Assisted Housing program, launched on March 1, 2008, provides financial assistance to faculty and staff to buy homes in any of the community areas along the Chicago Transit Authority Red Line, from the Loop to Rogers Park. The program encourages employees to take transit to work (if not walk or bike), and tiers the amount of aid based on the location of the new home and income of the family.

 

"Building on our commitment to the Rogers Park neighborhood, the university recognizes that the Red Line has always been a critical part of our campus," said Jennifer Clark, LUC's director of community relations. "While we will continue to provide extra incentives for people to invest in the local neighborhood, this makes tremendous sense for us to encourage employees to live along the public transportation line that will bring them to work.”

 

Rogers Park Community Development Corporation, a REACH Illinois partner, is providing housing counseling services to LUC employees who participate in the program.

 

According to Robin Snyderman, MPC's vice president of community development, “Today’s housing market underscores the value of the basic employer-assisted housing model that Loyola has embraced. The employer’s investment coupled with homebuyer education and counseling services provided by Rogers Park CDC will help university employees make better homebuying decisions.”  She added, “We applaud LUC for creating an innovative program that encourages neighborhood reinvestment and promotes the use of public transit.”

 

“The UAH program is a tremendous opportunity for the university, the employees, and the communities surrounding our campus” said Thomas M. Kelly, vice president of human resources for LUC.

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