Engaging employers in workforce housing through employee homeownership assistance programs
Download
1 / 11

Engaging Employers in Workforce Housing Through Employee Homeownership Assistance Programs - PowerPoint PPT Presentation


  • 95 Views
  • Uploaded on

Engaging Employers in Workforce Housing Through Employee Homeownership Assistance Programs. National Association of Realtors Regional Workforce Housing Summit April 24, 2006. Agenda. Benefits of Employee Homeownership Programs to Employers Keys to Achieving Employer Buy-in

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Engaging Employers in Workforce Housing Through Employee Homeownership Assistance Programs' - kaye-cameron


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Engaging employers in workforce housing through employee homeownership assistance programs

Engaging Employers in Workforce Housing Through Employee Homeownership Assistance Programs

National Association of Realtors Regional Workforce Housing Summit

April 24, 2006


Agenda
Agenda Homeownership Assistance Programs

  • Benefits of Employee Homeownership Programs to Employers

  • Keys to Achieving Employer Buy-in

  • Freddie Mac’s Workforce Home Benefit

  • Workforce Home Benefit Options

  • Workforce Home Benefit Toolkit

  • Other Freddie Mac Resources

  • Examples of Workforce Home Benefit Initiatives

  • Questions


Benefits to employers
Benefits to Employers Homeownership Assistance Programs

  • Increased recruiting abilities

  • Higher retention

  • Increased employee loyalty and morale

  • Improved employee dependability

  • Improved stability of surrounding community

  • Enhanced community commitment

  • Improved “Employer of Choice” reputation


Keys to achieving employer buy in
Keys to Achieving Employer Buy-in Homeownership Assistance Programs

  • Provide a range of options

  • Make it easy – provide tools for a “turn-key” program

  • Demonstrate that benefits outweigh costs

  • Leverage expertise and capacity through partnerships


Freddie mac s workforce home benefit
Freddie Mac’s Homeownership Assistance ProgramsWorkforce Home Benefit

Goal:

  • Help employers stabilize their workforces through homeownership

    Key drivers:

  • Customize program to fit the situation

  • Flexible range of options

  • Tools for a “turn-key” program


Workforce home benefit options
Workforce Home Benefit Homeownership Assistance Programs Options

  • Home Buyer Education

  • Repayable Loan

  • Deferred Loan

  • Forgivable Loan

  • Matched Savings Account

  • Grant


Considerations in selecting options
Considerations in Selecting Options Homeownership Assistance Programs

  • Relative cost

  • Housing challenges of particular community

  • Recruitment and retention challenges of particular industry or company

  • Extent of administrative effort

  • Ease of understanding by employees


Workforce home benefit toolkit
Workforce Home Benefit Homeownership Assistance ProgramsToolkit

  • Toolkit Components

    • Overview brochure

    • Plan Option Matrix

    • Implementation Flowchart

    • Functional design development tools

    • Mortgage products information

    • Administration tools

    • Template employee marketing materials in English and Spanish

      • Employee brochure

      • Intranet template

      • Poster/flyer

    • HR training presentation template


Freddie mac resources
Freddie Mac Resources Homeownership Assistance Programs

  • Workforce Home Benefit toolkit

  • Cost estimator

  • Identify homeownership education and counseling resources and other partners

  • Identify affordable mortgage loan products – Home Possible and Neighborhood Solutions

  • Identify multiple lender options

  • Identify local and state resources

  • Assist with program design – WorkforceHome Benefit consultant


Some workforce home benefit initiatives
Some Homeownership Assistance ProgramsWorkforce Home Benefit Initiatives

  • CVS Pharmacy

  • Arlington County, VA

  • Allegheny General Hospital

  • Freddie Mac


Questions
Questions? Homeownership Assistance Programs


ad