As Canisius looks to erase a potential $20 million deficit for the 2020-21 school year, one program that has gone unaffected is the employer-assisted housing program, according to a college spokesperson.
The program, which was established by Canisius in 2002 and was the first of its kind in Western New York, provides employees with forgivable loans if they purchase a home in neighborhoods that surround Canisius.
Canisius has assisted 49 college employees through these programs through this program, although at least one professor that utilized the program was laid off as part of the now-expected 27 layoffs of faculty members.
The value of the properties purchased by school employees in these neighborhoods amounts to $7,768,672, and the loans given to employees through the program adds up to $270,250, according to a school-issued pamphlet.
Canisius is one of two colleges in Buffalo that offer an employer-assisted housing program, the other being University at Buffalo.