Category: Employer-assisted

Employer-assisted housing: Part 2, the why

10 July, 2009 (11:08) | Employer-assisted, Innovations, Local issues, Tenure, Workforce housing | No comments

[Continued from yesterday's Part 1.]
 
Yesterday we explored how employer-assisted housing payments work, at least in the specific case of Chicago homeownership, via a Chicago Tribune article. 
 
With the inversion in housing policy innovation, advances in workforce housing finance are being led by employers who cannot find employees willing to work for what the employer wants [...]

Employer-assisted housing: Part 1, the how

9 July, 2009 (11:46) | Employer-assisted, Innovations, Local issues, Tenure, Workforce housing | No comments

Start with three facts:
 
1. People want to own homes. 
2. Owning a home decreases labor mobility. 
3. Employers value loyalty and longevity of service. 
 

The simplest formulas can yield the most complex results
 
Mix them together and you have the formula for a cluster of initiatives known broadly as employer-assisted housing – which, in part because [...]