Subject to the general direction and oversight of the Finance Committee of USD’s Board of Trustees and administered under the Vice President for Finance, USD maintains the Faculty Home Buying Assistance Program (the Program) to assist in attracting and retaining highly qualified faculty. The primary objective of the Program is to assist eligible tenure and tenure-track faculty with purchasing a home in the San Diego Area. The Program provides a tangible and flexible benefit to eligible faculty to be used toward the purchase of a qualifying primary residence.
Program benefits generally take the form as a forgivable, second-lien loan funded by the university to be used in conjunction with a borrower’s own down payment funds. The Program serves as a cornerstone to the university’s commitment of recruiting and retaining faculty.
Please find the latest information below concerning benefit limits and availability, and to begin the application process. Program funds are budgeted annually on a fiscal year basis, and are granted to eligible and approved faculty members on a first-come, first-serve basis. Funds may not be available at the time an applicant becomes eligible and is approved.
For a complete description of the Program, please read:
Faculty requesting participation in the Program must complete the Pre-Approval Application.
Please contact facultyhomebuying@sandiego.edu for any questions or additional information.