The MetroHartford Alliance today unveiled The Homeownership Incentive Program (HIP), an initiative that provides financial incentives to employees who choose to purchase a home in Hartford. By living close to work, employees save commute time and gas and improve the environment while enjoying easy access to the many benefits the region’s center has to offer – world-class museums, entertainment, top-notch restaurants, and more.
Aetna, Hartford Hospital, Saint Francis Hospital and Medical Center, Connecticut Children’s Medical Center and Trinity College have each committed to offering five $10,000 grants. Those who meet some basic criteria may apply for the grant at a first-come, first-serve basis. The grant is totally forgiven after five years of residing in the Hartford home and staying employed with the company.
Oz Griebel, President & CEO, MetroHartford Alliance: “The Alliance is delighted to launch the Hartford Homeownership Incentive Program, an initiative that Julio Concepcion has led for us and that underscores the private sector’s commitment to strengthening homeownership, a critical component of residential engagement in all aspects of a vibrant city. We’re especially pleased that the initial participants include a major insurance company, our three hospitals, and a prominent undergraduate institution, all providing their employees with the financial assistance to reside closer to their places of work. With the Governor’s commitment to help expand the housing stock in the City, we look forward to more Hartford employers establishing HIP and to more employees taking advantage of the City’s amenities and assets.”