Seeking to capitalize on Seton Medical Center Hays’ opening last month in Kyle, San Marcos city leaders have expanded a forgivable home loan program to include employees of the hospital who earn at least $40,000 a year.

Established through a Chapter 380 economic development agreement with Seton Hays, the program offers $5,000 in “down payment assistance” to qualifying hospital employees who move inside the city limits from elsewhere and buy a home. Twenty percent of that loan would be forgiven for each year the homebuyer remains employed by Seton Hays; the entire loan would be forgiven after five years.

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