For historical purposes this has been mirrored from: http://www.mercurycenter.com/local/center/docside0114.htm
Posted at 7:24 a.m. PST Monday, Jan. 14, 2002

Loan programs

In an effort to attract new doctors, several hospitals and medical groups are offering housing subsidies to recruits.
At Kaiser Permanente hospitals throughout Northern California, a program developed last year offers new doctors up to a $100,000 loan to buy a house. If they stick around for 10 years, interest on the loan is forgiven.

Stanford Medical Center allows new physicians to borrow half the value of a house at 3.5 percent interest. Stanford also offers new recruits a $175,000 loan at no interest.

The Palo Alto Medical Foundation is seeking philanthropic seed money for a multimillion-dollar housing fund for doctors in need of home-buying help.

At El Camino Hospital in Mountain View, a second mortgage loan program for new recruits is in the launching stages.

Source:Mercury News reporting