Housing Purchase Programs Eligibility Criteria

November 1, 2022

Owen House

552 O’Connor Lane

Stanford, CA 94305

650.725.6893

fsh.stanford.edu

Housing Purchase Programs

Eligibility Criteria

Housing Programs Overview

Stanford University's housing programs (Programs) are made available to employees in a specific and

limited number of professional employment categories. For each Program there are specific eligibility

criteria. Someone who is an Eligible Person may be qualified to participate in all of the programs, or

only some of the programs.

The Programs are divided into two categories:

p u r c h a s e p r o g r a m s

The Purchase Programs include: mortgage loans, a monthly housing allowance, and the option to

purchase a long-term residential leasehold on-campus or off-campus. The loans are available for

purchase only, not to refinance existing mortgage loans. Detailed descriptions, including the eligibility

criteria, are available for each Program.

r e n t a l p r o g r a m

The Rental Program includes: on-campus and off-campus rental properties. The Rental Program,

including the eligibility criteria, is described in the Rental Housing Programs Eligibility Criteria.

Eligibility and qualification for the Purchase Programs is different and separate from the Rental

Program. Eligible Persons may participate in either the rental or the purchase Programs, but not both

at the same time. An individual who has defaulted on any Stanford Program will be ineligible for any

subsequent Programs.

Information regarding all of Stanford's housing programs is available at fsh.stanford.edu, or by email

at [email protected], or by calling 650-725-6893.

n o t h i n g i n t h i s d o c u m e n t s h o u l d b e c o n s t r u e d a s a n o f f e r o r c o m m i t m e n t o f

a n y k i n d . i n t e r p r e t a t i o n o f p r o g r a m g u i d e l i n e s r e m a i n s t h e s o l e r e s p o n s i b i l i t y

o f s t a n f o r d u n i v e r s i t y . p r o g r a m s a n d e l i g i b i l i t y r e q u i r e m e n t s a r e s u b j e c t

t o c h a n g e o r d i s c o n t i n u a t i o n w i t h o u t n o t i c e a t s t a n f o r d u n i v e r s i t y ' s s o l e

d i s c r e t i o n .

2November 1, 2022

Eligible Persons

The following categories of employees, whose expected appointment term satisfies the conditions

described in each respective category, are qualified as Eligible Persons for one or more purchase

programs.

It is the responsibility of the Eligible Person to notify FSH if his/her eligibility changes, even

temporarily. This notice is to be provided to FSH in writing before the Eligible Person's change in

employment status occurs. Examples of changes in status which could affect program eligibility can

be changes to employment percentage, position or classification. Any financial assistance received

after the eligibility has changed must be repaid.

f a c u l t y

The following categories of Faculty who are employed fifty percent (50%) time or more are qualified

as Eligible Persons:

1. Members of the Academic Council who have received tenure, have continuing terms of

appointment, or have term appointments of three years or more with the possibility of

reappointment. Assistant Professors appointed subject to receiving their Ph.D. qualify as Eligible

Persons although they are not members of the Academic Council.

2. Members of the University Medical Line Professoriate whose initial appointment is three years or

more with the possibility of reappointment.

3. Senior Fellow members of the Academic Council at Special Policy Centers and Institutes whose

initial appointment is three years or more with the possibility of reappointment.

s t a f f

The following categories of Staff who are employed one-hundred percent (100%) time are qualified as

Eligible Persons:

1. Staff: University Staff and Staff at SLAC National Accelerator Laboratory (SLAC) assigned to

the N99, N11, O and P Grades. Only those assigned to the N99 and N11 Grades are eligible to

participate in the Housing Allowance Program (but not HAP II).

2. Current or former presidents of the University, regardless of years of service.

3. Hoover Institution: Senior Fellows

c l i n i c i a n e d u c a t o r s

The following categories of Clinician Educators whose initial appointment or promotion within the

Clinician Educator line began on or after July 1, 2004 and who are employed seventy-five percent

(75%) time or more and who are appointed for a term of three years or more with the possibility of

reappointment and who are considered benefits eligible Stanford University employees are qualified

as Eligible Persons:

1. Clinical Assistant Professor

2. Clinical Associate Professor

3. Clinical Professor

3November 1, 2022

Retirees

1. Retirees, as defined by the University, are not eligible for the University's Housing Purchase

Programs.

2. Retirees who are not current Lessees of an on or off-campus home are not eligible to purchase a

leasehold property on or off-campus.

3. Retirees can remain in an on-campus home with an unrestricted ground lease only if the retiree

qualifies as an Official Retiree, as defined by Stanford, (i.e. required years of service plus age) and

only if for five years prior to the retirement date, the faculty appointment was active and full-

time. Other restrictions apply for a restricted ground lease.

4. Retirees who own an on-campus residence with an unrestricted ground lease may only downsize

to a condominium at Pearce Mitchell or Peter Coutts.

4November 1, 2022

SUMMARY OF ELIGIBLE JOB CATEGORIES BY PROGRAM TYPE FOR PURCHASE PROGRAMS

Category

Clinician Educator

(CE-HAS) (3)

Clinician Educator

Deferred Interest

Program (CE-DIP)

(3)

Clinician Educator

Reduced Interest

Program (CE-RIP)

(3)

Clinician Educator

Zero Interest

Program (CE-ZIP)

(3)

I. Clinician Educators

Clinical Assistant Professor

P P P P

Clinical Associate Professor

P P P P

Clinical Professor

P P P P

1. Only those Eligible Persons whose Academic Council appointments are 100% and who are working full-time (100%

FTE) are eligible to purchase a residential leasehold. Other restrictions may apply to the Restricted Residential

Ground Leases.

2. Hoover Institution Senior Fellows who are jointly appointed with an Academic Council appointment of 50% or

greater and who are working full-time (100% FTE) are eligibile to purchase a residential leasehold. Other restrictions

may apply to the Restricted Residential Ground Leases.

3. Are employed 75% time or greater

P Denotes eligibility for the program

Note: All Programs must be used within the Qualifying Area. The Expanded Qualifying Area is available to those in

Category I. Faculty and II. Staff above.

n o t h i n g i n t h i s d o c u m e n t s h o u l d b e c o n s t r u e d a s a n o f f e r o r c o m m i t m e n t o f a n y

k i n d . i n t e r p r e t a t i o n o f p r o g r a m g u i d e l i n e s r e m a i n s t h e s o l e r e s p o n s i b i l i t y o f

s t a n f o r d u n i v e r s i t y . p r o g r a m s a n d e l i g i b i l i t y r e q u i r e m e n t s a r e s u b j e c t t o c h a n g e

o r d i s c o n t i n u a t i o n w i t h o u t n o t i c e a t s t a n f o r d u n i v e r s i t y ' s s o l e d i s c r e t i o n .

November 1, 2022

QUALIFYING AREA