HAP is a $200,000 taxable fringe benefit that supplements income upon the purchase of a home. The supplement is paid out over twelve years to help offset the cost of homeownership. This program can be used alone or in combination with other purchase programs. If you are an Eligible Person you may apply for HAP for the purchase of a home.
HAP II is an additional $200,000 available to those faculty promoted to tenure or to Continuing Term who meet certain program requirements. These individuals may apply for HAP II upon the purchase of a new home or at the time of a significant remodel of an existing home.
For more information, download the HAP brochure.