February 16, 2007
Citizens employee homebuyer program reaches milestone
By Christina Davis
Citizens Financial Group has granted $15.4 million in forgivable loans to assist 3,000 employees - 562 in Massachusetts - to purchase homes since 2002.
The Citizens' Home Buyer Assistance Program was created five years ago. It allows eligible employees to receive $5,000, five-year forgivable loans toward the purchase of primary residences. The bank also offers employees $8,000, five-year forgivable loans toward the purchase of homes located in "emerging communities."
The program issues about 15 loans per week.
The Citizens' Home Buyer Assistance Program was created five years ago. It allows eligible employees to receive $5,000, five-year forgivable loans toward the purchase of primary residences. The bank also offers employees $8,000, five-year forgivable loans toward the purchase of homes located in "emerging communities."
The program issues about 15 loans per week.
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