The Employer-Assisted Housing is an employee benefit program and a tool to improve recruitment, employee relations and employee turnover.
The most valuable asset for companies is the human resource. Companies can show they care about their employees in different ways. One way is by offering attractive benefits, including out of the box programs that offer solutions to employees’ concerns and stressors.
Financial matters are stressors to employees, and housing is at the top of the list since home prices and rental rates have skyrocketed. So, how about offering an Employer-Assisted Housing Benefit Program (EAH)?
Vivendi Realty can assist employers design and customize this program.
Under the Employer-Assisted Housing Program, companies can select from different EAH benefits options that may help their employees achieve the dream of homeownership, and/or address housing-related concerns.
Here is a short list of EAH benefits options:
- Onsite educational workshops: Employers can provide onsite space where local nonprofits and real estate professionals can conduct educational workshops. This will help employees become educated in topics that are of interest to them, especially because they will have the opportunity for live Q&A. This is a much better option than looking for answers online.
- One-on-One Housing Counseling: Employers can facilitate onsite in-depth housing counseling by nonprofit agencies to address specific concerns employees may be facing. For example, employees who are struggling to pay their mortgages can be directed to resources and solutions.
- Employer Financial Benefit: Companies can provide financial benefits such as grants and matched savings to help their employees with the downpayment to purchase their home. Employers can combine these benefits with incentive programs for recruitment, retention, and employee recognition.
- Employee discounts from real estate professionals: Real estate professionals can provide special discounts to employees by reducing commissions, contributing to buyers' downpayment, and granting other discounts. Another opportunity is a special financing program available for first-time home-buyers, that include downpayment and closing cost assistance.
Providing an EAH benefit program can help employers reduce turnover, leading to lower training and hiring costs. It can also help increase loyalty and morale, support bottom-line business goals, and strengthen links with the local community.
Local governments can also benefit by gaining greater neighborhood stability, community involvement, and economic development opportunities.
If you are interested in learning more about this program, contact our broker, Annie Chavarria, who has been trained to explain and implement the Employer-Assisted Housing Program. She has previous experience as an HR professional and is a member of SHRM.
Please contact us for further details.
Annie Chavarria, BROKER, CA DRE #01841588
Vivendi Realty
12636 High Bluff Drive
Suite 400
San Diego, CA 92130
(619) 916-8429 Office
chavarria@vivendigroup.com
Annie is a 10-year FIVE STAR real estate agent award recipient, which is based on quality of service. Less than 2% of agents in SD County receive this recognition.
MEMBER, Society for Human Resource Management (SHRM)