Employer-assisted housing programs help employees meet their housing needs, which in turn helps employers to achieve their business goals. ... Employer-assisted housing programs help build employee loyalty and increase productivity through improved morale, an enhanced employee work/life balance, and decreased absenteeism
How EAH Benefits an Employer
Enhances employee-employer relationships
Improves employee retention
Enhances employee attraction
Increases staff loyalty
Generates positive publicity
Builds goodwill within the community
Provides a positive return on investment
How EAH Benefits an Employee
Leads to home ownership: the #1 investment for most people
Addresses the biggest obstacles to home-ownership
Knowledge of the home-buying process
Cofidence of the home-buying process
Cash for a down-payment or closing costs
What is Employer-Assisted Housing?
The NATIONAL ASSOCIATION OF REALTORS® has developed this program and has had years of success. EAH is an employer-provided benefit that not only helps employees meet their housing needs but also helps employers achieve business goals.
Homebuyer and homeownership workshops conducted by Jeff Taylor Realty, Gershman mortgage with the help of Titan Title of Springfield. Topics could include the homebuying process, obtaining mortgage financing, sources of financial assistance, home maintenance tips, and foreclosure prevention. The workshops could be conducted at the workplace, at little or no cost to the employer.
Financial assistance provided by the employer in the form of grants or loans that can be used for a down payment or closing costs on a home purchase. This benefit can include requirements to meet business objectives.
How many employees will use this program? Based on the experience of several private employers 4-6% of the eligible employees will use the benefit each year. Some employers will limit the number of employees using the benefit per year buy allocating a specific dollar amount, under a first come, first-served policy. (source NRA tool & resources pg.38)
Would you like more information on implementing EAH in your workplace?