Home from Workä
An Employer Housing Benefit
The National Association of REALTORS® (NAR), Marion J. Williams, Instructor are pleased to introduce the Home From Work campaign in your area. This innovative program is designed for REALTORS® , select lenders and employers to increase homeownership opportunities for workforce families.
The campaign focuses on assisting employers in developing an employer-assisted housing (EAH) benefit to help their employees purchase a home. The campaign strategy promotes homeownership opportunities for workforce families by providing access to housing information, comprehensive counseling, and financial incentives.
Under the Home from Work campaign, employers can select from three EAH benefits that may help their employees achieve the dream of homeownership:
· #1 – Home Buying Workshops: Employers can provide access to free home-buying workshops (or brown-bag lunches) provided by REALTORS® and lenders. This component can help employees learn how to find and afford suitable housing.
· #2 – One-on-One Housing Counseling: Employers can sponsor in-depth housing counseling and education benefits in partnership with a participating nonprofit counseling agency. This component offers a more personalized and comprehensive housing program to help employees overcome barriers to homeownership.
· #3 – Financial Benefit: Employers can provide financial benefits such as forgivable loans, grants or matched savings to help their employees purchase a home. This component helps employers address employee recruitment, retention, and recognition issues.
Employers can chose to offer all or any combination of these three benefits to their employees. NAR will provide technical assistance, at no cost, to employers that want to develop a customized EAH plan that helps them achieve their business goals.
Campaign benefits for targeted audiences
Through the Home from Work campaign, REALTORS® will have an opportunity to participate in outreach and education efforts with local employers, develop relationships with lenders that offer low-cost financing options, reach out to underserved markets, and create strong links in the community.
Providing an EAH benefit can help employers reduce turnover, leading to lower training and hiring costs. In addition, EAH can increase loyalty and morale, support bottom-line business goals, and strengthen links with the local community. Participating lenders will have an opportunity to expand homeownership opportunities and offer low-cost mortgage options to more potential home buyers.
Local governments can benefit by gaining greater neighborhood stability, community involvement, and economic development opportunities. Affordable, decent housing attracts employees and supports growth.
How to get involved
For more about this campaign, Please click the link below to register for our next training class, or you can contact Marion J. Williams at 312.595.4813. The training includes breakfast and course materials. The fee is $55.00 per person. The course is designed for Realtors and Lenders interested in helping employers create and implement their own EAH benefit plan.
To register for our next Home From Work training class, please click to register.
Class Details: Monday, September 15, 2008 (10am-3pm)
200 N. Dearborn, 7th Fl Meeting Room
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