The program, financed by seven St. Louis construction unions and four area home builders, offers features free cash incentives of $2,000 to $10,000 to be used at closing to secure a lower interest rate or make various upgrades to the home.
The unique program’s features, in addition to the best deal you can negotiate with the builder:
• Cash incentives ranging from $2,000 to $10,000 to be used at closing for anything the homeowner desires – from major upgrades like finishing a basement, adding a brick front, different flooring, etc. to reducing your loan interest rate or covering closing costs.
• 100 percent union-built homes, no exceptions.
• Availability in the Missouri communities of the four participating homebuilders.
• First come, first served until the funds are exhausted.
• A commitment by participating homebuilders ensuring all work on all their homes is 100 percent union for a full year.
PARTICIPATING UNIONS, HOMEBUILDERS
Participating unions are International Brotherhood of Electrical Workers (IBEW) Local 1, SMART Sheet Metal Workers Local 36, Plumbers & Pipefitters Local 562, Cement Masons Local 527, the Eastern Missouri Laborers District Council, Painters District Council 58 and the St. Louis-Kansas City Carpenters Regional Council.
Participating homebuilders, where the incentives are available, are Fischer & Frichtel, McBride & Son Homes, McKelvey Homes and Payne Family Homes. The builders have committed an additional $100,000 to market the program over and above their normal marketing dollars.
NOW IS THE TIME
If you’ve been thinking of buying a home, NOW is the time to take advantage of this incredible offer.
The program is not only a great deal for first-time or upgrade homebuyers, it will provide an estimated 329,000 manhours of work for all the trades. That’s the equivalent of 175 full-time union jobs for a full year. With an average incentive of $5,000, an estimated 220 new homes will have proud new owners.
The dollar contribution from each union is based on the number of hours each trade has in building the home. The actual dollars will come from either from the local’s treasury, their local or national market recovery programs, or from their industry market recovery programs.