with a special incentive
President Richard C. Levin has extended the Yale University Homebuyer program for another two years, until Dec. 31, 2003.
The program, which has already helped nearly 500 employees purchase a home in New Haven since it began in 1994, is available to any Yale employee who is either a faculty member with an appointment of at least one year at 50% or more of full-time, or a permanent staff employee of the University scheduled to work 20 hours or more per week. If there is more than one Yale employee in the household, only one benefit is awarded.
There is a special incentive for home purchases on designated streets in the Dixwell neighborhood until Dec. 31, 2002. In addition to the $25,000 regular homebuyer benefit payment -- consisting of an initial payment of $7,000 and nine annual payments of $2,000 -- employees who purchase a home on the designated streets in Dixwell will receive a $5,000 bonus payment. This will increase the initial payment to $12,000 (which will net approximately $7,200 after taxes are withheld) and bring the total amount of benefits received to $30,000 over 10 years.
To be eligible for this additional benefit, employees must purchase homes on the following streets in the Dixwell neighborhood: Admiral Street; Hillside Place; Tilton Street; Bristol Street; Mansfield Street (up to 222); Winchester Avenue (up to 235); Compton Street; Munson Street (up to 283); Woodland Street; Henry Street (up to 101); and Sachem Street.
The Dixwell neighborhood offers close proximity to Yale University. The neighborhood's Stetson Library is home of the "Technology Access Center," which has been hailed as one of the best computer centers in any public library in the New Haven area. There is currently construction underway at Wexler School to create a running/walking track around a multi-purpose recreational field and a playground.
The area also includes the Monterey Place development of homes, and there are plans for a new Yale police station, featuring a community room, at the former American Linen site on Lock Street.
For further information about the Yale Homebuyer Program or the Dixwell special incentive, call Bill Carney at (203) 432-5535 or Loretta Lincoln at (203) 436-4677.
T H I S
Bulletin Home
W E E K ' SS T O R I E S
Fourteen honored for strengthing town-gown ties
President Levin visiting Mexico
Improving science education and research in U.S. is key . . .
African American Studies revisits origins, imagines future
ENDOWED PROFESSORSHIPSBrisman is appointed the Karl Young Professor
Denning is named William R. Kenan Jr. Professor
Peterson earns the Niel Gray Jr. Professorship
Future of therapeutic cloning is focus of bioethics symposium
IN FOCUS: School of Forestry & Environmental Studies
Forest 'physician' contends fire is critical to health of woodlands
Event explores how humans transformed 'The Chicken'
Press director to bid farewell to venture he helped build
Committee to help search for new Yale Press director
Exhibit features noted American artist's woodcuts
Quilts by African-American women of the rural South are on view
Yale golfers and tennis players are bound for the NCAA
Long-time teacher Charles Rickart dies; helped introduce 'new math'
Sociologist Roger Gould, a specialist on conflict and violence, dies
Homebuyer Program is extended with a special incentive
Yale Library launching changes to Orbis
Yale Center for British Art temporarily closing library collections this summer
|Visiting on Campus|Calendar of Events|In the News|Bulletin Board
Yale Scoreboard|Classified Ads|Search Archives|Deadlines
Bulletin Staff|Public Affairs Home|News Releases|
E-Mail Us|Yale Home Page