The Live Near Your Work program partners with first-time home buyers by matching $2,500 from the employer with $2,500 from the city of Baltimore (for a combined total of $5,000 in employee assistance) to be applied to down payments and closing costs. Currently more than 100 employers are enrolled in the program.
The Metropolitan Planning Council partners with Chicago employers to provide employees homeownership counseling and/or financial assistance. The Chicago Neighborhood Housing Services produced this guidebook for employers interested in setting up an employer-assisted housing (EAH) program, including financial and nonfinancial support.
Since 2015, Landed has partnered with employers of essential professionals in the healthcare, education, and public administration to provide down payment assistance through a shared equity program. Landed invests up to $120,000 toward home down payments and shares in future gain or loss in the employee’s home value.
Aurora Health Care is a not-for-profit integrated health care provider based in Milwaukee, Wisconsin, that helps employees with housing close to the hospital. A 2008 evaluation showed participating employees performed better, stayed with the company longer and had lower turnover.
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