People are down to pay a premium buck to live in certain places. All because those offer lots of jobs in high-paying fields, and abundant entertainment options.
What have you heard about places that will pay a premium for you to move in or live there? Those places offer: housing allowances, tax rebates and student-loan reimbursement to persuade people to be a part of their community.
Niagara Falls, N.Y.
Bonus: Student-loan reimbursement
Millions of tourists come to Niagara Falls every year, the local residents of the city have been slowly leaving for some years now. To boost city’s population, which is currently 49,468 and descending, the city intriduced an effort to attract youngsters to its downtown by helping to repay their student loans.
Bonus: Tax waivers and student-loan reimbursement
Rural Opportunity Zones in 77 out of the state’s total 105 counties offer newcomers state income tax waivers for up to 5 years! 70 of those rural counties also provide student-loan repayments of up to $15,000. To qualify to get the tax waiver, you must have lived outside of Kansas for 5 or more years before moving in. To qualify for student-loan bonus, you must be a resident in a ROZ county after a certain date and carry an associate’s, bachelor’s or post-graduate degree. The program has been a success and some counties have waiting lists!
New Haven, Conn.
Bonus: Loans for home renovation, down-payment assistance, free in-state college tuition
New Haven is experiencing revitalization, by battling city’s high crime rate, and populating vacant buildings and abandoned neighborhoods. The city’s homeownership rate of just 31%—which is only half the national and state averages. To attract home buyers, New Haven offers whooping $80,000 in incentives through 3 programs.
Bonus: Cash rebate for every new home built
Due to Harmony’s median age being one of the highest and the median income being one of the lowest in Southeast Minnesota, also the lack of move-in-ready homes this city’s leaders decided to implement quite a substantial bonus for everyone deciding to build a new home here.
Bonus: Cash and loans for renters and new homeowners
Detroit is the largest city in Michigan. Unfortunately it experienced a decline in population and economic. To bring people back, the Live Downtown and Live Midtown programs were introduced in 2011. To qualify, you have to be employed by specific companies located in those areas, additionally you must rent or buy a home in a proper neighborhood.