College Park, Maryland – The College Park City-University Partnership, the Maryland Department of Housing and Community Development, the City of College Park and the University of Maryland, will celebrate the Partnership’s Homeownership Program’s 50th homebuyer milestone.

MEDIA ADVISORY June 3, 2019
CONTACT Eric Olson
240-416-3184
eolson@collegeparkpartnership.org

College Park City-University Partnership Homeownership Program
50th Homebuyer Milestone Event

The Partnership’s Homeownership Program, funded by the Maryland Department of Housing and Community Development and matching grants from the University of Maryland and the City of College Park, provides $15,000 in down payment and closing cost assistance, structured as a 10-year forgivable loan, to full-time, benefits-eligible UMD employees and full-time City of College Park employees choosing to live in College Park. It is designed to increase homeownership in College Park, reduce commutes, and contribute to our local economy, which are all goals outlined in the University District Vision 2020.

Since the Homeownership Program was launched in summer 2015, 52 homes have been purchased (10 being former rental properties), bringing 122 residents and upwards of $17.6 million in home sales. 59% of homebuyers indicated they would walk, bike or use public transit to get to work.

The positive effects of this program on the economic, social and environmental landscapes of College Park continue to be felt – and will be for years to come. Thanks to the Maryland Department of Housing and Community Development, the City of College Park, and the University of Maryland, more University and City employees are living near their work in College Park. This is a critical goal of both the City of College Park and the University of Maryland.

When: Monday, June 10th at 5:00 p.m.
Where: College Park City Hall, 4500 Knox Road, College Park, MD 20740

Who: Kenneth C. Holt, Secretary, Maryland Department of Housing and Community Development
Jim Rosapepe, Senator, District 21
Patrick Wojahn, Mayor, City of College Park
Wallace Loh, President, University of Maryland, College Park (Invited)
Carlo Colella, Vice President, University of Maryland
Dannielle Glaros, Councilmember, District 3
Program Partners
Homebuyers

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The College Park City-University Partnership is the nonprofit local development corporation sponsored by the City of College Park and the University of Maryland. The Partnership’s mission is to promote and support the economic welfare of College Park and the University of Maryland through activities including commercial revitalization, community development, and quality housing opportunities consistent with the interests of the City of College Park and the University of Maryland.

MEDIA ADVISORY – 50th Homebuyer Milestone Event

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