17 Feb Grant for Grads
What is Grant for Grads?
The Growth Council created the Grant for Grads in partnership with the Affordable Housing & Community Development Corporation in 2012. The program has since helped over 60 graduates of various colleges, universities, and technical schools find and afford homes in Grant County! Grant for Grads provides financial incentives for both renters and home buyers who choose to live and work in Grant County. Grant for Grads is working year after to year to help Grant County retain some of its most talented graduates.
In total, Grant for Grads has given 24 rental incentives and 32 down payment incentives to recent college graduates. Of the home purchases assisted, one home was a new construction and two were substantial home rehabilitations, which promotes Grant County’s residential climate. The program targets graduates of Indiana Wesleyan, Taylor University, Ivy Tech of Marion, and others who are currently employed or have accepted a full-time job offer in Grant County; however, the program has aided graduates of over 15 different universities, revealing that young professionals, from the area or new, are calling Grant County “home”.
“This is a great program! I am very impressed that Grant County is offering an incentive to prevent brain drain,” noted a 2012 Ball State graduate.
Grant for Grads offers Grant County home buyers up to $5,000 to cover the cost of down payments and/or closing costs. Individuals renting apartments or homes are offered a 20% reduction in monthly rent payments, benefitting renters up to $2,500. In addition to financial support, Grant for Grads provides fundamental homeowner education classes to further enrich the experience of living in Grant County.
“We love our new home, and you guys made it happen! Thank you for providing homeowner education,” expressed Tyler Shirley, a Grant for Grads recipient.
Local employers benefit from the talented, educated workforce kept in Grant County; employers can attract or recruit young professionals by using Grant for Grads as a relocation advantage. Through the Grant for Grads program, the Grant County Economic Growth Council and Affordable Housing Corporation are working together to make Grant County a better place to live, work, play, and stay.
For more information on the Grant for Grads program, visit the Growth Council’s website: www.grantcounty.com/grantforgrads.
Contact the Growth Council for more information about Grant for Grads. Applications for housing assistance can be obtained through the Affordable Housing Corporation.