HAN member BJC HealthCare and Washington University expanded their Live Near Your Work program, a homeownership and neighborhood stabilization initiative, to 14 neighborhoods. The program provides $12,500 in forgivable home loans for down payments or closing costs to any benefits-eligible employee of the two institutions, which have committed $300,000 each per year for the program.
From the St. Louis Public Radio story:
BJC HealthCare is focused on community and employee aid.
“I think that the real benefit of this is that it’s showing our commitment, getting into some neighborhoods and communities that have historic lack of access to capital,” said Christopher Nolan, BJC director of Anchor Initiatives. “We have employees living in many of these communities, and we’re trying to think about, how do we leverage [ourselves] to have a positive impact. Again, it’s really looking beyond both of our four walls.”