Live Ypsi Homebuyer Program
The LiveYpsi Homebuyer Program provides eligible employees of Eastern Michigan University ("EMU") and the Eastern Michigan University Foundation (the "Foundation") with a forgivable loan of either $5,000 or $10,000 (depending on the location of the property) to assist with the purchase of their primary residence in the City of Ypsilanti or in specific areas of Ypsilanti Township. 20% of the loan will be forgiven for each year the Participant meets all eligibility requirements, which include:
- Remain an eligible employee of EMU or the Foundation
- Occupy the home as the primary residence
- Pay all applicable property taxes
At the end of a five-year period, 100% of the loan and all accrued interest will be forgiven.
The LiveYpsi Program helps the Ypsilanti community by encouraging eligible employees to purchase homes in the neighborhoods surrounding the University's main campus. Having eligible employees reside in the area helps stabilize property values and encourages involvement in the community.
The LiveYpsi Program is administered by EMU with funding from EMU and Washtenaw County, and is subject to the availability of funds. Additional information is located on this website.