The proposal for the City of Greensboro to offer mortgage and rental assistance to city employees includes almost all city employees.
According to the presentation at the Greensboro City Council strategy session on Thursday, Oct. 13 – unlike the city’s current first-time homeowner mortgage assistance program, which has an average median income cap, there would be no income cap on city employees eligible to receive up to $15,000 in mortgage or rental assistance from the city.
The presenters said that the program would be available to all city employees who were not at the executive salary level.
According to the Greensboro Human Resources web page, the top non-executive salary for city employees is $173,721. This is the top salary under the “general” category, and the presenters, who did not identify themselves, said that all employees in the general salary category would be covered by the program. The lowest salary at the executive level is $94,575. So according to the presentation, a G25 general employee of the City of Greensboro making $173,721 would be eligible for mortgage or rental assistance from the city, but an “executive employee” making $94,575 would not.
Those salaries are for the 2021-2022 fiscal year and do not include the raise that city employees received in the 2022-2023 budget, which included a tax increase of about 30 percent to pay for raises for all city employees, among other things.
The City Council had no problem with offering mortgage assistance to all city employees in the general salary category.
City Councilmember Marikay Abuzuaiter said, “I think this is something that is certainly needed in this economic era we are in.”
Abuzuaiter added, “I can’t really see a negative about it at all.”
And to reemphasize that point she repeated, “I can’t see any negatives about it at all.”
City Councilmember Nancy Hoffmann said, “This is great. I’m really happy that you presented this to us. If you live in the city you work in, you understand that city and its neighborhoods and its infrastructure so much better.” (To qualify for the assistance, the residence must be within the city limits.)
City Manager Tai Jaiyeoba, who participated in the meeting via Zoom, noted that there was an affordable housing crisis in the city and when the program was presented to him several weeks ago, he decided that it was something the City Council needed to consider.