NIAGARA FALLS, N.Y. (WIVB) - Niagara Falls has an offer recent college grads might find hard to refuse. The Honeymoon Capital has begun a program to pay down student loans for grads who agree to move into the city.
How does $7,000 over two years toward your student loans sound? If you're a recent college graduate, willing to buy or rent in the downtown district, Niagara Falls has a deal for you.
Seth Piccirillo of Niagara Falls Community Development said, "You put 20 new people in this area. I think you're going to see a really great urban neighborhood. We always say that we want people to move here and buy a house. We need to get people in the door, and that's what this is about. Not just people in the door, but people that'll be involved in this community."
Margaret Stephens has been living on Fourth Street for about eight months.
"I think it would be a very awesome thing because it would be great for the area, and great for the community. I think it would work," Stephens said.
Applicants who have graduated with a two year degree within the last two years, a bachelor's degree within the last three years or now enrolled in graduate school are eligible.
City officials are quick to point out that this is not just a hand out. They're looking for applicants willing to come into this neighborhood and make an investment.
If you prove to be a good tenant and are current with student loans, the city is willing to pay down some of the debt. Rev. David Crapnell of the First Presbyterian Church of Niagara Falls lives within the target area.
"I'm all for it. Hope it'll work. I'm just wondering how many people will take advantage of the program," he said.
Piccirillo noted, "This is about attracting and retaining our young people. If you're a Niagara Falls kid, you've gone to school somewhere else, we want to see you come back home."
There are only 20 spots available and there is a review process and certain criteria must be met. Applications are due November 16.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
A Buffalo city jail cell block attendant was arrested early Saturday morning on multiple animal cruelty charges.
An airman from Niagara Falls was away training for the Air Force for months. After being apart from his family, he decided to surprise them at Kelly’s Country Store in Grand Island.
Police say that with the assistance of local media, they were able to identify the person responsible.
Monday is being billed as a national "Day of Action" among teachers and community groups who are worried about the state of education.
Buffalo Bills Receiver Stevie Johnson kept himself busy during the recent bye week, by having some fun at a local Tim Hortons.
Whitehaven Road is closed in both directions from Baseline Road to Center Terrace because of the accident.