Employer Assisted Housing Program. Several options are available to assist employees who are statused to work a minimum of 32 (.4 FTE) hours per pay period to become first-time homebuyers: Homebuyer education and counseling: Employees who complete this receive a $5,000 forgivable loan.
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Washington, D.C. offers several programs to help people realize their dream of owning a home in the city. In the second part of our series on D.C. homeownership assistance programs, we explain help available to city employees through D.C.’s Employer Assisted Housing Program.
The program is not restricted to first-time home buyers but you are ineligible if you currently own a home. It is strongly recommended that you review the LIHP Employer Assisted Housing Highlights to determine if you meet their expectations prior to applying for the BNL Employer Assisted Housing Program.
employer-assisted housing programs help employees meet their housing needs, which in turn helps employers to achieve their business goals. Such programs provide tremendous resources and support to employees by leveraging state and local financial assistance programs, organizing homebuyer workshops, and providing discounts toward housing.
An Employer Assisted Housing program benefits everyone; the employee, the employer, and the local communities. Benefits to the Employee: Eligible employees can receive a Keystone Advantage Assistance Loan of up to $8,000 for downpayment and/or closing cost assistance in the form of an interest free loan amortized over 10 years.
The Atlantic recently spotlighted an employer-assisted housing program offered by the University of Chicago. It provides grants to staff members who choose to live in designated neighborhoods near the university’s campus. assistance includes help with rent and downpayments, as well as homeownership classes.
Adelphi University is pleased to participate in the Employer Assisted Housing Program (EAHP) with the long island housing partnership, Inc. to offer full-time employees with 3 years of continuous full-time service (who meet program qualifications) down payment assistance and repair assistance to help buy a new home.
The University of Scranton’s Employer-Assisted Housing Program is a two-part program that is intended to help revitalize Scranton’s Hill Section. The program consists of University-owned properties that are available to faculty and staff for rent and a forgivable loan program to assist faculty and staff in purchasing a home in the eligible.
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