[Ucrfacultyandstaff] New UC Benefit – Landed’s Down Payment Program

[Jorge Sanchez]

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December 2, 2021
To:
Faculty and Staff
From:
Central Human Resources
Re:
New UC Benefit – Landed’s Down Payment Program
The University of California system and the University of California, Riverside has partnered with Landed, a personal finance company aimed at helping UCR employees afford to buy homes; to bring new homeownership options to UCR employees.


Landed's shared-equity down payment program invests alongside employees to help them reach a 20% down payment. Landed’s funds come in the form of an equity investment, meaning homebuyers share in a portion of the gain (or loss, if any) of the home’s value once the partnership is ended—typically by sale or refinance.



Landed will increase its shared equity down payment from $120,000 to $150,000 (up to 15% of home purchase price) for all employees who connect with their team by December 31, 2021. The funds will be available for 60 days, at which time employees will still have access to $120,000 in shared equity down payment funds.



In addition to Landed’s Down Payment Program, Landed also offers the following homebuying support:

   ·        In-depth homebuyer education

   ·        Access to a vetted real estate agent network

   ·        Comprehensive review of property reports to help homebuyers make informed homebuying decisions

   ·        Offers an experienced homebuying team to help navigate the homebuying process, from financing to search to close



Landed’s down payment program is open to all UC Riverside employees working 20+ hours/week and is available immediately. Participants do not need to be first time homebuyers and there are no income or asset limits needed to qualify.



For information regarding the University of California Mortgage Origination Program (MOP)<https://res.ucr.edu/uc-mortgage-orgination-program-mop>, please contact the following:

   ·        Trisha Marcinko
Real Estate Officer, Real Estate Services
Email: trisha.marcinko at ucr.edu<mailto:trisha.marcinko at ucr.edu>
Phone: (951) 827-5263

        ·        Yvonne Lujan CPM®
Real Estate Officer, Real Estate Services
Email: yvonne.lujan at ucr.edu<mailto:yvonne.lujan at ucr.edu>
Phone: (951) 827-5154



Landed Informational Webinars

To learn more about Landed’s Down Payment Program, be sure to attend one of the following information webinars:
   ·        Wednesday, December 15, 2021 | 10:00 – 11:00 a.m. | Register here<https://www.landed.com/events/53d12af0-3e41-4103-ac0b-58e9fe743f41>

   ·        Thursday, December 16, 2021 | 12:00 – 1:00 p.m. | Register here<https://www.landed.com/events/2ad3ed1c-d492-437a-93b3-f74b883fa6bf>


Information about the Landed’s Down Payment Program can be found on the Benefits Health and Welfare Plans webpage<https://hr.ucr.edu/human-resources-benefits/health-and-welfare-plans>.

Contact
For questions, please contact the HR Benefits Team at benefits at ucr.edu<mailto:benefits at ucr.edu>.


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