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Housing Palm Beach County’s Workforce Campaign focuses on Fannie Mae’s Employer-Assisted Housing (EAH) Initiative , which is designed to assist employers in developing an EAH benefit to help their employees purchase a home.
After completing the Housing Palm Beach County’s Workforce training program, REALTORS® can introduce employers to the three EAH benefits being offered through the campaign and offer the following services:
- Home-Buying Workshops – REALTORS® and participating lenders explain how employees can find and afford suitable housing through free workshops sponsored by the employer.
- In-Depth Housing Counseling – REALTORS® partner with a nonprofit counseling agency to provide a more comprehensive program to help employees overcome common barriers to home ownership, such as improving their credit scores and/or saving for a down payment.
- Financial Benefit – Realtors® Partner with Fannie Mae to assist employers in the development of corporate incentives, such as forgivable loans or grants, to help their employees buy a home. This component also helps employers address employee recruitment, retention, and recognition issues.
Employers can chose to offer all or any combination of these three benefits to their employees.
The Housing Palm Beach County’s Workforce Tool Kit includes a complete set of documents and presentations for REALTORS® to use when introducing the concept of EAH to employers.
HOUSING PALM BEACH COUNTY’S WORKFORCE TOOLKIT
• Housing Palm Beach County’s Campaign Fact Sheet - This fact sheet summarizes the objectives of the campaign, the campaign partners and the three EAH benefits employers can select from to offer to their employees.
• Frequently Asked Questions – This document will help answer a number of questions you might have about EAH, including what types of employers offer EAH benefits, who is the best person to approach within a company to talk to about EAH, and what kinds of questions/responses you might expect from employers as you present this concept.
• Sample Letter to Employers – This introductory letter to an employer is for you to customize. This letter invites employers to learn more about the Palm Beach County campaign and the EAH benefits they could offer to their employees. It encourages them to meet with you to learn more about the campaign and the advantages in offering an EAH benefit to their employees.
• Employer Introduction to EAH Presentation – This presentation is for you to customize. You can use this presentation when meeting with an employer to outline what EAH is, the value of offering an EAH benefit, and what type of EAH benefit they could offer their employees.
• Cost Benefit Analysis Fact Sheet – This fact sheet outlines what information an employer needs to provide to Fannie Mae in order for Fannie Mae to do an assessment of the size and type of financial benefit they should offer to offset their turnover costs. This analysis occurs when an employer is considering offering a financial benefit.
• Homebuyer Education Workshop Presentation – This is a sample presentation that you can use when conducting homebuyer education courses. You can customize this presentation to meet your audience’s particular needs.
• Tracking Your Success Worksheet – This worksheet will help you track what employers you have contacted, what type of EAH program seemed to meet their needs, and what your next steps will be with that particular employer.
• Contact list of Fannie Mae’s South Florida Partnership Office, participating lenders and counseling agencies
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