Employer Assisted Housing
Employer Assisted Housing (EAH) is an employer-provided benefit that helps employees purchase a home. An EAH plan is customized to meet the needs and circumstances of an employer's overall recruitment, retention, benefits and community strategies. The right EAH benefit is the one that achieves a specific employer's objectives.
The most common EAH benefits are grants, forgivable loans, deferred or repayable loans, matched savings, interest rate buy downs, and/or homebuyer education provided by a professional counseling agency. It can also be as simple as providing information to employees on home buying opportunities. There are a variety of Employer-Assisted Housing program options.
An EAH benefit may be available to all employees or limited to specific segments of the employee population, such as non-management staff or first-time homebuyers. An EAH benefit may also be available for all homes or only homes meeting certain criteria, such as primary residences or homes located in a specific area.
One of the first steps of implementing an EAH program is to understand the needs of your employees. A draft employee survey is provided below to help employers understand where their employees live, how much they are paying for housing and what types of assistance would be most helpful. This is critical information to understand when implementing an EAH strategy. If you are an employer interested in taking advantage of the benefits of an EAH program, let us know.