Faculty home

Through the University’s Tenancy-In-Common Program (TIC), eligible faculty and staff may enter into a co-ownership agreement with Princeton to purchase residences within a nine-mile radius of Nassau Hall or within the city of Trenton.

This arrangement, in which the University pays for and owns up to one-third of the property, leverages buying power and enhances flexibility to help eligible individuals purchase homes that meet their needs and family circumstances. The TIC program is managed by the Office of University Mortgage Services.

Office of Finance & Treasury - Tenancy-In-Common Program

Office of University Mortgage Services

Princeton University Homeownership Program Eligibility

Employees in term positions in the ranks listed below will not normally be eligible to participate in the programs.

Faculty (three-year appointments or longer)
SMP*TIC*PFRPP*

Professor

XXX

Associate Professor

XXX

Assistant Professor

X  

Lecturer with rank of Professor

X  

Senior Lecturer

X  

On-campus research and specialist staff
(three-year appointments or longer)

SMPTICPFRPP

Senior Research Scholar

XXX

Research Scholar

X  

Senior Professional Specialist

XXX

Professional Specialist

X  
On-campus administrative and professional staffSMPTICPFRPP

ADM 10+

XXX

ADM 08-09

X  

Head Coach

X  

AIT 05

XXX

AIT 04

X  
Library (three-year appointments or longer)SMPTICPFRPP

Senior Librarian

XXX

Librarian

X  

Librarian III

X  

Associate Librarian

X  
Princeton Plasma Physics Lab (PPPL)SMPTICPFRPP

ADX

XXX

ADM 11+

XXX

ADM 08-10

X  

ENG 10

XXX

ENG 08-09

X  

RES 06

XXX

RES 03-05

X
*SMP - Standard Mortgage Program
*TIC - Tenancy In Common
*PFRPP - Princeton Faculty Residential Purchase Plan