Management & Operations

DART, Delaware launch homeownership program

Posted on April 11, 2003

DART First State and Delaware launched a statewide Fannie Mae Smart Commute program to encourage homeownership near DART's bus stops and train stations. "DelDOT and DART are pleased to be a partner in this positive new effort that will encourage mass transit usage and increase homeownership," said Delaware Secretary of Transportation Nathan Hayward III. DART and Delaware are the first statewide systems in Fannie Mae's Smart Commute program. The Smart Commute program gives prospective homebuyers throughout Delaware the opportunity to qualify for the mortgage with the help of savings realized from using DART's public transportation. As an added incentive, DART First State will provide homebuyers who purchase a home under the Smart Commute program free bus transit passes for six weeks. Under the Delaware Smart Commute program, eligible homebuyers who purchase a home in Delaware within three-quarters of a mile of a DART rail station or bus stop may qualify for a mortgage. Qualified borrowers may be able to have their qualifying income expanded up to $250 a month in two wage-earner households, or $200 a month for single wage-earner households.

View comments or post a comment on this story. (0 Comments)

More News

WSP’s Adams elected to COMTO board of directors

The advocacy organization also recognized Adams’ contributions to diversity and the industry with the “President’s Excellence” award.

COTA named outstanding mid-sized public transit agency, by APTA

A transit system redesign, and fleet-wide Wi-Fi access for riders were among the achievements considered by APTA.

Akron's Metro names new CEO finalists

The agency is interviewing the finalists this week and hopes to choose its next leader by Sept. 1.

DART, U. of Texas celebrate Leadership Academy's first year

The academy provides real-world learning opportunities and ensures graduates are career-ready.

GRTC announces interim CEO

Will replace current CEO David Green, who is resigning at the end of August.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation