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Workforce Home Benefit Freddie Mac’s Employer Assisted Housing Program Dale Saunders May 9, 2007 - PowerPoint PPT Presentation


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Workforce Home Benefit Freddie Mac’s Employer Assisted Housing Program Dale Saunders May 9, 2007. Introduction to Workforce Home Benefit Workforce Home Benefit Options Workforce Home Benefit Toolkit Next Steps. Benefits to Employer. Improved “Employer of Choice reputation

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Workforce Home Benefit

Freddie Mac’s Employer Assisted Housing Program

Dale Saunders

May 9, 2007


Introduction to Workforce Home BenefitWorkforce Home Benefit OptionsWorkforce Home Benefit ToolkitNext Steps


Benefits to employer
Benefits to Employer

  • Improved “Employer of Choice reputation

  • Increased recruiting abilities

  • Higher retention

  • Increased employee loyalty and morale

  • Improved employee dependability

  • Enhanced community involvement



Workforce home benefit options1
Workforce Home Benefit Options

  • Homebuyer Education

  • Repayable Loan

  • Deferred Loan

  • Forgivable Loan

  • Matched Savings Account

  • Grant

  • Loan Guaranty


Trusted intermediary employers
Trusted Intermediary: Employers

Seek to Leverage Employers as Trusted Intermediaries on housing matters

Initiatives with:

  • Tyson Foods

  • Georgia Department of Corrections

  • Allegheny General Hospital (Pittsburgh)

  • In & Out Burger

  • Jackson State University (Mississippi)

  • Douglas County, CO Public Schools

  • McClennan County, Texas

  • CVS

Workforce Home BenefitSM – Freddie Mac’s Tool for Employers

WHB Toolkit provides answers to starting an employer-assisted homeownership program


Toolkit components
Toolkit Components

  • Overview brochure

  • Functional design development tools

  • Mortgage products information

  • Administration tools

  • Template employee marketing materials in English and Spanish

  • HR training presentation template


Legal and tax implications
Legal and Tax Implications

  • Taxation depends on: Option chosen; method of transferring money, locale

  • Speak to your finance department, attorney or accountant .

  • Discuss Taft -Hartley and ERISA implications with legal staff

  • Refer to Plan Option Matrix in toolkit


Questions
Questions ?

Thank You!


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