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| Rupert Elementary teacher Jamie Fazekas in front of her new home. |
Blogger's Note: The following was provided by the Foundation for Pottstown Education.
Rupert Elementary Third Grade Teacher, Jamie Fazekas is the third Pottstown School District Employee who has been awarded a $10,000 forgivable loan through the Foundation for Pottstown Education Residency Program.
This program provides eligible applicants who work for the Pottstown School District, up to $10,000 in the form of a forgivable loan. The funds can be used for closing costs, down payments, or other expenses directly related to the purchase of property determined to be eligible for the program.
Fazekas applied for this loan in November and was approved before Thanksgiving. She closed on her new home the first week of December. This is the first home purchase for her and she is extremely happy with her new residence.
The $10,000 loan will have 20 percent forgiven each year in which the homeowner remains an employee of the Pottstown School District and lives in the residence as their primary home.
Fazekas applied for this loan in November and was approved before Thanksgiving. She closed on her new home the first week of December. This is the first home purchase for her and she is extremely happy with her new residence.
The $10,000 loan will have 20 percent forgiven each year in which the homeowner remains an employee of the Pottstown School District and lives in the residence as their primary home.
After five years, the loan is completely forgiven. Should the employee move or leave the Pottstown School District, the remaining balance of the loan is then due to be before paid back to the Foundation.
Congratulations, Jamie and welcome home.
Visit www.foundationpottstowned.org for more information about the Foundation for Pottstown Education as well as following FPE on Facebook and Twitter.
Congratulations, Jamie and welcome home.
Visit www.foundationpottstowned.org for more information about the Foundation for Pottstown Education as well as following FPE on Facebook and Twitter.
While this looks like a great idea, people should not have to be paid to live in Pottstown. Pottstown should be good enough that people want to live here.
ReplyDeleteThe more people who live here, pay taxes here, and contribute the better of the town will be. We need working growing families that will encourage business, generate jobs, that will widen the path to a better community of people willing to improve their homes...
ReplyDeleteThe only reason to live in Pottstown is to send your kids to school. Our school board needs to get pottstown schools better.
Deletemight be nice BUT what about the senior citizens who lived here and worked here all their lives and now are struggling to keep their homes but losing them because taxes just keep climbing?
ReplyDeleteAgree...so sad!
DeleteThe taxes are out of control and property values keep declining. So unaffordable to live in Pottstown!!
ReplyDeleteFYI: The money for this program comes from donations to the Foundation for Pottstown education, not from taxes.
ReplyDelete