Featured Image Description 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 Finance & Treasury - Eligibility Map Homeownership Program Eligibility 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 X X X Associate Professor X X X Assistant Professor X Lecturer with rank of Professor X Senior Lecturer X On-campus research and specialist staff (three-year appointments or longer) SMP TIC PFRPP Senior Research Scholar X X X Research Scholar X Senior Professional Specialist X X X Professional Specialist X On-campus administrative and professional staff SMP TIC PFRPP ADM 10+ X X X ADM 08-09 X Head Coach X AIT 05 X X X AIT 04 X Library (three-year appointments or longer) SMP TIC PFRPP Senior Librarian X X X Librarian X Librarian III X Associate Librarian X Princeton Plasma Physics Lab (PPPL) SMP TIC PFRPP ADX X X X ADM 11+ X X X ADM 08-10 X ENG 10 X X X ENG 08-09 X RES 06 X X X RES 03-05 X *SMP - Standard Mortgage Program *TIC - Tenancy In Common *PFRPP - Princeton Faculty Residential Purchase Plan Home Ownership Programs Princeton Faculty Residential Purchase Plan Standard Mortgage Program Tenancy-In-Common Program External Lending Options