Thanks for stopping by.Employer Assisted Housing.
Employer Assisted Housing (EAH) works creatively to increase the supply of affordable housing. EAH programs offer an innovative mechanism for leveraging public and private funds to make housing affordable for working families. EAH programs have been shown to help attract and retain workers and ultimately, enhance the economic stability of communities across the entire nation.
EAH can be described as any employer sponsored housing benefit. This could include down payment assistance and/or closing costs, home buyer education, counseling, and low-interest mortgages to name a few. Specifically, EAH programs can close the homeownership affordability gap and allow workers to live in the communities they serve.
• Increased Stability in work/life balance creating greater productivity from employees.
• Minimal administration required by your company. We do virtually all the work!
• Greater employee loyalty and longevity of tenure.
• Reduced absenteeism.
• Ability to focus on more on profitability and growth of your company and less on recruitment.
The employer enjoys the benefits of a more stable workforce when employees live near work. Improved morale, less turnover, reduced recruitment time and expenses which result in bottom line savings.
EAH can serve as an incentive for employee recruitment and retention with many options on how the assistance is structured. The employee, beyond receiving financial support from an employer to buy a home closer to work, also gains extra time – formerly spent in traffic or commuting – for family or community life. They also receive an opportunity at homeownership and the ability to grow equity over time. The more partners work together to develop affordable housing programs and opportunities for local employees, the more these partners are recognized as essential to the economic health of the region.