University of New Mexico employees wanting to live at Mesa del Sol will get a bonus, thanks to the University's partnership with the developers. Full-time UNM employees who contract to purchase a home at the planned community south of the Sunport will receive a $5,000 incentive to be used toward appliances, window blinds, backyard landscaping or closing costs. Mesa del Sol is offering the summer long program through Labor Day, Sept. 2, 2013.
The incentive package was announced as Forest City Enterprises agreed to transfer its interest in Mesa del Sol to Daly Real Estate Investments, LLC and Covington Capitol.
Michael Daly, one of the leaders of the visionary team working to bring the live, work, play concept to the area said the incentive is a way to reward UNM's partnership in the project.
"Mesa del Sol is eight miles from UNM and downtown," Daly said. "It is close to Kirtland Air Force Base and Sandia National Labs. This area has more Ph.D.'s per capita than almost any place else in North America. We have great intellectual capital here. And that's why we want to offer this incentive for UNM employees to live here."
Under the deal, when a home is closed that utilized the incentive or a portion thereof, the builder provides Mesa del Sol with the invoice from the vendor and proof of payment. Once received, Mesa del Sol will provide reimbursement to the builder in the form of a check. In the case of closing costs, the builder will provide Mesa del Sol with a signed copy of the closing statement clearly showing the credit to the buyer.
"The University of New Mexico has been part of Mesa del Sol since its inception," UNM president Robert G. Frank said. "We see great opportunities here. As a minority participant in the project, we certainly benefit from the growth of Mesa del Sol."
Builders should verify full-time UNM employment prior to using the incentive. UNM hospital employees and employees of UNM satellite campuses also qualify for the promotion. Part-time UNM employees and students do not qualify.
- Inside UNM