More than 150 Prince William County employees had a lucky day on Tuesday. The county received 323 applications for 167 spots in the Home Help Program. Through this program, the county seeks to cut the number of vacant houses in the county by providing low interest loans and reduced mortgage rates to entry level county employees. These employees will become home owners in Prince William County in the very near future, which is seen as a desirable goal.
According to the DC Examiner:
The plan helps fulfill a long-time county goal to have more public employees living in the county. Martino [county finance director] hopes the program will help Prince William recruit and retain employees, many of whom live outside the county and face long commutes.
The county invested $50 million in certificates of deposit at SunTrust Bank to fund the first year of Home Help. County officials emphasized that the money comes from an investment portfolio and does not use taxpayer money.
