27-03-2025
City of Erie, ErieBank partner up to boost home ownership
The City of Erie is partnering with a local bank to begin a new home opportunity program.
Mayor Joe Schember and ErieBank are introducing the Open Your Door program.
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Their goal is to reduce financial barriers and leverage existing resources for those who may be facing challenges when it comes to home ownership.
The program offers 100% LERTA tax abatement for 10 years on new development, refunding acquisition costs, and financing assistance for owner-occupied residential builds.
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'We're that mom-and-pop bank that wants to develop relationships. we want to be there every step of the way from the time their kids open their accounts to their grandkids and move forward we want to be in their lives forever and so this program will help them build that generational wealth, build equity in their homes build a dream of maybe having a small business, sending someone to college all that happens the start of having a home,' said Kevin Dixon, vice president & community responsibility officer for ErieBank.
Dixon said this is going to provide a huge impact for the City of Erie.
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