On Monday, June 10th the College Park City-University Partnership celebrated the Homeownership Program’s 50th homebuyer milestone. Leaders from Maryland Department of Housing and Community Development, University of Maryland, State of Maryland, City of College Park, Prince George’s County, Program Partners, and Homeowners attended. This included DHCD Secretary Kenneth Holt, UMD President Dr. Wallace Loh, State Senator Jim Rosapepe, the City of College Park’s Mayor, and District 3 County Councilmember Dannielle Glaros. Homebuyers spanning the program – from the first homebuyer to the latest homebuyer – were in attendance, resulting in 20 people who purchased homes in College Park through this program participating in the event. Program partners such as the University Human Resources department, McKay Mortgage and Prosperity Home Loans also attended.
Eric Olson, Executive Director for the Partnership, kicked off the event with a short video about the Program and its success. Secretary Kenneth Holt conveyed his support for this Program as part of Maryland Department of Housing and Community Development’s “homeownership month.”
President Loh talked about how this Program is part of a strong University collaboration with the City and how the vision for strengthening ties should continue. “As the City grows and thrives, so will the University.” The mayor explained how things are getting better, but it hasn’t always been this way and thanked everyone for this partnership and Sen. Rosapepe thanked staff for making this Program work, be successful, and strong. Following brief remarks a reception was held.
The City-University Partnership Homebuyer Program offers $15,000 forgivable loans to full-time, benefits eligible University employees and City employees who purchase a home in College Park. Loans are fully forgiven if homebuyers live in the home for ten years. For more information on the program, visit: www.collegeparkpartnership.org/homeownershipprogram
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