Resources for Staff

The following additional resources are provided for staff members assisting faculty with housing programs.

Graduated Payment – Mortgage Origination Program (GP-MOP)

• The GP-MOP is a variation of the MOP which allows the campus to offer an initial rate to the borrower that is below the standard MOP rate by a specified amount (interest rate differential).
• The interest rate differential is reduced annually by a fixed percentage until the standard MOP rate is reached.
• Cost Considerations
  • Departments pay the cost of the rate differential.
  • 19900 funds are not allowed as a funding source to pay the cost of the rate differential.
  • It is not possible to accurately predict the exact cost to the department because the MOP interest rate will fluctuate during the period of the rate reduction.
• Same eligibility requirements and qualifying criteria as the MOP.
• If faculty inquire about a GP-MOP, please contact your Divisional Dean’s Office for additional guidance.

Supplemental Housing Loan Program (SHLP) – Down Payment Loans

• Campus has a limited amount of funding to assist faculty with first and second trust deeds.
• Dean’s offices have been given a limited number of down payment loans to include with faculty offers.
• UCSD’s program is intended to provide a supplement to the faculty recruitment allowance (housing allowance).
• Loans may be up to any amount that, in combination with the recruitment allowance, does not exceed $50,000.

Faculty Recruitment Allowance Program (FRAP) ― updated May 12, 2008

• $58,000 campus limit (effective 10/1/07).
• Same eligibility requirements as the MOP.
• For payments made prior to hire date, new incoming faculty will be required to sign a Recruitment Allowance Recovery Agreement
• Prior to processing payment, a copy of the first page of the escrow agreement should be faxed (858-534-2362) directly to Mary Baran in the Academic Personnel Office.  Her direct line is 858-822-3748.
  • Additional information on payment procedures
• If you wish to set up a schedule for repayment of the FRAP if a faculty member leaves UCSD soon after their hire, you may use the optional UCOP Recruitment Allowance Repayment Agreement. You may customize this template to your preferred repay schedule. The agreement must be signed by the Divisional Dean as well as the new faculty member.   If you choose to follow this route, the agreement must be included with the Dean's Resource letter provided to the faculty member upon offer of employment.

 La Jolla Del Sol Apartments

• Contact: Susan Slocum, 858-587-1221

Exceptions

• Campus Level Exceptions requiring SVC Approval (Requires a written justification (via email) from the Dean to the SVC Academic Affairs and routed through the Home Loan Program Coordinator)

• Standard MOP eligibility period for general campus faculty is two (2) years. Extensions beyond two (2) years will be handled on a case-by-case basis.
• Granting a 2nd MOP loan. This exception is only under unusual and compelling circumstances.
• Granting a MOP loan to borrowers who have been a homeowner in the past twelve (12) months within the campus commuting area.
• MOP Loans above $600,000 and up to $1,330,000.

• Campus Level Exceptions requiring Chancellor’s Approval (Requires a written justification (via email) from the Dean to the SVC Academic Affairs and routed through the Home Loan Program Coordinator)

• Faculty Recruitment Allowances above $58,000 and up to $100,000.

Housing Assistance Programs PowerPoint Presentation to Divisions