Can Your Employees Afford to Live Here?

As home prices remain high for moderately skilled employees, some of our best, and most reliable employees find it harder and harder to provide housing for their families. Fannie Mae, a large mortgage company, suggests that employers offer to help their employees with seed money to buy a house. This can be done by forgivable loans, grants or matched savings to be used for down payments or closing costs. Employers recoup costs by trimming turnover and training budgets. Employers can reap a share of the profits when the homes are sold.