The high cost of housing in the local area poses a challenge for Santa Clara University in its efforts to recruit and retain highly qualified faculty. Recognizing the importance of affordable housing, the University has established two housing assistance programs for qualified faculty: [1] a rental assistance program and [2] a purchase assistance program.
The rental assistance program is intended to ease the transition into the local housing market for tenure-stream faculty and for renewable term faculty. The program provides monthly rent support and periodically adjusts the level of rent support based on changes in the local housing market. Details of the program for tenure-stream faculty can be found here: SCU Faculty Housing Assistance Programs for Tenure-Stream Faculty Details of the program for renewable term faculty can be found here: SCU Faculty Rental Assistance Program for Renewable-Term Faculty.
The purchase assistance program is intended to enhance the affordability of a single-family residence in the local area for tenured and tenure-track faculty. The program provides assistance with the mortgage and closing costs associated with the purchase of a primary personal residence. The program is available to eligible tenured and tenure-track faculty. Details can be found here: SCU Faculty Housing Assistance Programs for Tenure-Stream Faculty.
You can learn more about these housing assistance programs including detailed eligibility requirements by contacting the Provost's Office at 408-554-4774.
Please note: The housing assistance programs have been modified over the years to respond to changes in the housing market and/or government regulations. Program details are updated at least annually. To ensure that you have current program descriptions, please contact the Provost's Office as described above.
Down Payment Assistance Programs (not affiliated with SCU)
The Dream For All Shared Appreciation Loan is a down payment assistance program for first-time homebuyers. Program eligibility can be found at California Dream For All Shared Appreciation Loan
Prospective homebuyers who will live and work in Santa Clara County might look into the Empower Homebuyers Santa Clara County program, which provides loans to first-time homebuyers who meet their program qualifications. For more information, program guidelines, and income limits, please visit Empower Homebuyers SCC.