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USC Faculty & Staff Housing Program (FSH) One-Time Subsidy

Los Angeles, California

Last verified
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Repayment

Grant

Not repaid

What is USC Faculty & Staff Housing Program (FSH) One-Time Subsidy?

USC Faculty & Staff Housing Program (FSH) One-Time Subsidy is a grant for homebuyers in Los Angeles, California.

  • USC offers benefit to attract/retain faculty. Property must be sole and primary residence; SFR, townhome, or condo eligible.
  • One-time subsidy toward down payment or closing costs for tenure-track faculty and executive staff at USC. Amounts specified in offer letter.
  • subject to dean approval.
  • Funding comes from USC University.

Do you have to pay it back?

USC Faculty & Staff Housing Program (FSH) One-Time Subsidy is structured as a grant, so it is not repaid.

  • Repayment is triggered by none (subsidy).
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

USC Faculty & Staff Housing Program (FSH) One-Time Subsidy is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • Sourced via Homebuyer Wallet (CA20250053). Restricted to USC tenure-track faculty (including deans) or executive staff. Eligibility and amount detailed in offer letter; faculty subsidies require dean approval. Subsidy may take form of one-time amount, monthly mortgage subsidy, rental subsidy, or non-forgivable loan.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

USC Faculty & Staff Housing Program (FSH) One-Time Subsidy sets its income limit as follows: None (employer-based eligibility).

  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

USC Faculty & Staff Housing Program (FSH) One-Time Subsidy can be used for Single-family, Condo, Townhouse.

Is there eligibility for specific groups?

USC Faculty & Staff Housing Program (FSH) One-Time Subsidy names educators among the groups it serves.

  • Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

USC Faculty & Staff Housing Program (FSH) One-Time Subsidy serves buyers purchasing in Los Angeles, California.

How do you apply?

Applications for USC Faculty & Staff Housing Program (FSH) One-Time Subsidy go through the administering agency.

  1. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  2. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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