Great Town Gown-type Program in Ypsilanti Highlighted in Ann Arbor.com Article

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Ann Arbor.com posted this very nice article about a unique homeownership program involving Eastern Michigan University and the Ypsilanti area community. Here’s the start of the story that explains how the program is being continued for another year:

Downtown Ypsilanti

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.

Read the full article here.

Matt Bach is director of media relations for the Michigan Municipal League. He can be reached at mbach@mml.org and (734) 669-6317.