With 22 properties comprising more than 3,697 apartments, EquityResidential's Rent with Equity program provides close to 5,300Wayne, Livingston, Washtenaw, Macomb, and Oakland County residentswith a new way to attain the proverbial "American Dream," accordingto company officials.

If one rents an Equity Residential apartment, enrollment isautomatic and without fees. Accrued credit can be used for avariety of purposes, including closing costs, "buying down" amortgage or paying for up to 3% of the total home purchase price.The certificate is also portable -- if a resident moves to any ofEquity Residential's 1,103 properties across the US, they can applythe credit. There also is no minimum or maximum length of residencyrequired.

Enrollment in Rent with Equity( is automatic and without fees.Credits canbe used for a variety of purposes including closingcosts, "buying down" amortgage or paying for up to three percent ofthe total home purchase price.The credits are also portable,whereby if a resident moves to any of EquityResidential'sparticipating properties across the United States, he or shecanapply the credit. No minimum or maximum length of residencyisrequired.