The Council of the Village of Newburgh Heights finds that the enactment of the Student Loan Assistance Grant Program will attract young professionals and recent college graduates to live within its boundaries, and will result in the maintenance of property values and the creation of a market for new housing and safe and healthy housing facilities in the Village. Council finds that the Student Loan Assistance Grant Program will help to stabilize or grow the Village's population. Council also finds that the Student Loan Assistance Grant Program will help to stabilize property values in the Village. Village Council further finds that attracting young professionals and college graduates to invest in home ownership in the Village will promote the local economy and may help in job creation. To this extent, the Student Loan Assistance Grant Program as set forth in this chapter will fulfill a public purpose and will assist in the maintenance of the health, safety and welfare of citizens of Newburgh Heights.
(Ord. 2020-24. Passed 5-5-20.)