The Live Ypsi loan program will be available to Eastern Michigan University employees again after it was re-funded for a second year.
The program has $45,000 available for its second round and officials said it may receive additional funding. The amount equates to about six loans worth $7,500 each.
The program — created by the Eastern Leaders Group, Washtenaw County and EMU — offers forgivable loans to full-time faculty and staff who purchase homes in Ypsilanti. EMU Director of Government Relations Leigh Greden began brainstorming about the program with Washtenaw County nearly two years ago.
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