Kettering University wants to help faculty and staff members buy houses in Flint.
The university's Employee Home Purchase and Renovation Assistance program will give eligible employees forgivable $15,000 loans to buy and live in homes near campus.
The program's designated neighborhoods are Mott Park, Glendale Hills, and Carriage Town.
Employees who already own homes in those neighborhoods are eligible for $5,000 forgivable loans to fix up their property.
If borrowers adhere to specific requirements, they don't have to repay the loan.