In negotiations with the University, HUCTW leaders have emphasized the need for help with certain types of housing situations.
Help is now available via the Harvard University Employee Credit Union (HUECU).
Through these Union-negotiated programs, HUECU will provide zero-interest loans to any HUCTW bargaining unit member meeting the
requirements as described in the program guidelines.
Rental Housing Transition Loan
Created in the 2004 contract negotiations
with the University, this loan provides help in transitioning from one rental situation
to another. HUECU will provide a zero-interest
loan up to $2,500 to any HUCTW bargaining unit member who needs to cover up-front costs,
such as realtor’s fees, security deposits, first and/or last month’s
rent deposit if required before occupancy, and moving expenses.
Homeowner Moving Expenses Loan
In the 2007 contract negotiations, the Rental Loan program was expanded to
cover moving expenses for homeowners. HUECU will provide a zero-interest
loan up to $1,000 to any HUCTW bargaining unit member to assist in the payment of moving
expenses incurred while transitioning into ownership of a house or condominium.
Home Emergency Hardship Loan
In the 2007 contract negotiations, a new program was created to help with certain types
of housing-related emergencies. Home emergencies will be defined as catastrophic rental
and homeowner emergencies such as damage caused by a natural disaster, unexpected and
extraordinarily high costs of heating a household, or repair or replacement of damaged
heating units or other vital appliances. HUECU will provide a zero-interest loan up to $2,500
to any HUCTW bargaining unit member who needs to cover costs related to the abovementioned circumstances.
To participate in any of these loan programs, please see the detailed guidelines and affidavit forms below.
Please contact the HUCTW Office at 617-661-8289 with any questions.