New FHOP Loan Option Variations Under Discussion

On June 9, 2015, the UBC Board of Governors asked the Administration to develop, explore and consult on some new loan option variations within the FHOP based on the principles of continuing to support recruitment and retention of world class faculty, incentivizing faculty to live on-campus, tax efficiency (no taxable benefits) and effective use of capital and improved flexibility for faculty to choose location and type of property within the program.

  • Details of the proposed changes in that context will be available here on this website in July, 2015.
  • UBC encourages all faculty members to participate.
  • Faculty will be able to provide preliminary feedback through an on-line survey announced in July/August 2015.
  • Additional consultation opportunities will also be scheduled later in the Fall before any final decisions regarding these changes are considered by the Board of Governors.

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