peg malloy_bwh portland 2011
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Portland Housing Center: Employer Assisted
Homeownership Program
Employer Assisted Homeownership:Importance and Need
Increase productivity, security, and property values by encouraging employees to purchase homes proximate to corporate facilities
Reduce the cost of employee recruitment, retention, and training by using housing benefits to attract and retain employees.
Improve community relations as good employees make good neighbors
Improve employee morale and life-cycle benefits planning by helping employees achieve an important life goal – owning a home
Employer Assisted Homeownership:Program Design
Portland Housing Center works with individual employers to determine key program components, including:
Program Administration and Services
Housing Benefit Financial Assistance
Employee Eligibility
Program Boundaries
Employer Assisted Homeownership Employee Outreach Activities
Participation at Annual Employee Benefits Fair
Presentations on homebuying services both departmentally and agency-wide (i.e. Services Orientation, Credit and Budgeting workshops)
Information in employee communications (i.e. newsletters, intranet, benefit information packets)
Employer Assisted Homeownership Employee Benefits
• Individual Homebuyer Assessment
• Homebuying Counseling (budgeting, paying down debt, improving credit, shopping for loans, etc.)
• Financial Literacy education classes
• HomeBuying101 class
• Individual Development Accounts (Matched Savings Program at a 3:1 match)
• Mortgage products and down payment assistance
• Post purchase education (i.e. tax class, home maintenance)
Access to Services
Employer Assisted Homeownership:Program Outcomes and Successes
Program is in its 3rd year of implementation
7 employers currently participating (private sector, non-profit, public sector, and education)
130 total households have registered for services from these partnerships
79 households have realized their dream of homeownership
Employer Assisted Homeownership:Future Program Goals
Ability to offer more onsite educational and loan opportunities
Develop employer programs that include grant opportunities for employees
Expand partnerships throughout the Portland Metropolitan area
Contact Us
For questions or inquiries regarding this presentation, contact:
Peg Malloy, Executive [email protected]
For more information and updates on the Portland Housing Center:
www.portlandhousingcenter.org
facebook.com/PortlandHousingCenter
twitter.com/PHCtweet