New London — Lawrence + Memorial Hospital delivered a message to its employees Wednesday: Welcome HOME.
That’s H-O-M-E as in Home Ownership Made Easy, an L+M program that will provide forgivable loans of up to $10,000 to eligible employees seeking to buy their first home — in New London.
The city and Chelsea Groton Bank are in on it, too.
“I’m excited to announce this new program that can lead to the financial and health benefits of home ownership for L+M employees,” Patrick Green, the hospital’s president and chief executive officer, said at a City Hall news conference. “Buying a home is likely one of the most expensive purchases one can make, so it makes perfect sense for us to invest in initiatives like the HOME program that can help our employees and our community.”