community briefings
St. Louis Park Announces Live Where
You Work Initiative
Unless you enjoy sitting in rush-hour traffic for The employer and the city provide a grant up to cities. Banks participating in the program so
long periods of time, commuting is no fun. It’s $2,500 for each eligible employee. Employers are far include Associated Bank, Bremer Bank,
no wonder lengthy commutes are frequently invited to contribute a matching or lesser amount US Bank, Wells Fargo and Citizens
mentioned as one of the least favorite parts to the city’s contribution. Once the employee Independent Bank.
of working. But what if you could both work obtains a mortgage from a participating lender,
and live in St. Louis Park? That’s the goal the grant can be used to help finance a down The city also sees this as an opportunity to
of a new city program called “Live Where payment, closing costs and gap financing. place homeowners in foreclosed properties. As
You Work.” a result, qualified buyers purchasing foreclosed
The program not only gives workers an properties in St. Louis Park would be eligible
opportunity to own a home close to their job, for an additional $1,000 grant from the city in
but it increases employee loyalty, retention, recognition that these homes have additional
and morale, and creates a positive community- maintenance needs.
building environment for the homeowner and
their family. In addition, the company they For further details about this program and
work for and the city benefit because employees eligibility requirements, contact the City of
living and living in the community will also St. Louis Park’s housing supervisor, Michele
reduce commute times and fuel costs. Schnitker, at (952) 924-2571 or via e-mail at
mschnitker@stlouispark.org. For a copy of the
Live Where You Work is an assisted home Live Where You Work also allows the city Live Where You Work brochure, visit the city’s
ownership program providing employees of to partner with local businesses, make Website at www.stlouispark.org. If you are
St. Louis Park-based businesses with a grant home ownership more affordable, revitalize interested in applying for a forgivable loan
toward the purchase of a home near their neighborhoods and schools, encourage shorter call the Center for Energy & Environment at
workplace. commutes, and set an example for other (612) 335-5891.
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June/July 2009 19
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