Make Home Ownership Easier for your Employees with an Employer-Assisted Housing Benefit Program
An employer-assisted housing (EAH) benefit program makes it easy for you to strengthen your employee's potential to purchase their own homes.
It's easy and effective. It's also the right thing to do for your business, your employees, and your community.
An EAH benefit plan brings distinct benefits to your small business or large corporation:
The connection is real. Owning a home makes better employees.
Today’s business owners face many challenges - from high turnover rates and labour shortages to all-too-chronic absenteeism. An Employer-Assisted Housing (EAH) benefit offsets these challenges by providing employers with tools for educating, counselling, and sometimes, funding their employees to realize the American Dream of homeownership.
Improved retention, more effective recruitment, and reduced training costs all result from an EAH benefit. With EAH you can increase productivity, improve morale, and ultimately, strengthen your bottom line through employee homeownership.
Need proof? You can conduct a cost/benefit analyses to calculate measurable financial results before the implementation of an EAH benefit plan.
Through an EAH benefit you can provide your employees with one or more of the following options:
Home buyer & homeownership workshops, conducted by REALTORS® and real estate professionals as well as participating non-profit organizations and lenders. These workshops provide clear explanations of complex issues like home affordability, property taxes, homeowners’ insurance, mortgage applications, closing costs, credit issues, and more.
One-on-one home ownership counselling, with a certified counsellor, will help your employees understand their options for homeownership, correct credit issues, and learn budgeting to become mortgage ready or avoid foreclosure.
Financial assistance, such as forgivable loans, grants, or matched savings, provided by your company to help employees purchase a home. Additionally, employees will learn how to leverage local, stable and federal downpayment assistance programs.
For many new or relocating employees, the road to homeownership can be especially challenging. For others, who focus on real estate investing, the task is just as daunting. But through an EAH benefit you can empower all of your employees and build trusting relationships within the company and within your community as well.
Nationwide, salaries have not kept pace with rising home prices. As a result, homeownership has become out of reach for a large portion of the workforce. Teachers, emergency personnel, retail clerks, hospitality staff and office employees often cannot afford to live near their places of work or are uninformed about the range of homeownership options available to them.
Employer-Assisted Housing enables workers to live and work in the same community and can help to stabilize and revitalize a community. EAH strengthens your community and empowers your workforce.
A benefit that works for you and your employees
The HBAP Program can be tailored to the resources and capacity of the employer, the objective the employer is seeking to meet, and the needs of the employee base. The Canadian Home Program will help you along the way.
A representative from the Canadian Home Program will meet with you to:
Or use the form below: