HUCTW and the Harvard Federal Credit Union offer three types of 0% interest loans to help members with costs of (1) renting or moving into a new home, (2) moving into a purchased home, or (3) home owner emergencies. Loan applications and guidelines for all programs are at the bottom of this page.
Please contact us at huctw.housingloans@huctw.org with any questions and to verify your documentation.
Rental Housing Transition Loan
Created in the 2004 contract negotiations with the University, this loan provides help in transitioning from one rental housing situation to another. The Harvard FCU will provide a zero-interest loan up to $3,500 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. The Harvard FCU will provide a zero-interest loan up to $1,200 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. The Harvard FCU will provide a zero-interest loan up to $3,000 to any HUCTW bargaining unit member who needs to cover costs related to the above mentioned circumstances.
To participate in any of these loan programs, please see the detailed guidelines and affidavit forms below.
HUCTW SMALL LOAN PROGRAM DOCUMENTS
Rental Housing Transition Loan
Homeowner Moving Expenses Loan
Home Emergency Hardship Loan
Please contact the HUCTW Housing Loan Program team at huctw.housingloans@huctw.org with any questions.