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RAIL EMPLOYMENT & NOTICES



Rail News Home Passenger Rail

4/11/2003



Rail News: Passenger Rail

Delaware Area Rapid Transit's program provides homebuyers an incentive to live near stations


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Delaware Area Rapid Transit (DART) recently launched a program offering a financial incentive to people who purchase a home near the agency’s four train stations and 2,500 bus stops.



Fannie Mae’s Smart Commute Program enables homebuyers who purchase a home within three-quarters of a mile of a station or bus stop to increase their qualified income by up to $3,000 a year.



Citizens Bank of Delaware plans to originate mortgage loans under the program; Fannie Mae would purchase eligible loans.


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