3. Employer Assisted Homeownership Programs What are EAH Programs Advantages to employers, employees, communities, banks Developing an EAH program

5. Employer Employee Community Banks

6. Attractive recruitment tool Increased reputation as innovative leader in developing new employee benefits Improved employee loyalty, dependability, morale Increase employee retention, which could result in lower hiring and training costs

7. Retention Return Revitalization Recognition Right Thing to Do Relationships Recruitment

8. Realization of the dream of homeownership Increased job satisfaction Increased awareness of home buying process, including avoiding predatory lenders Increased knowledge of down payment assistance programs and other services available in the community Possibility of reduced commuting time

9. Greater involvement by employees in their community Possibility of less traffic, pressure on transportation systems Increase to tax base due to rise in homeownership Increase in business for local businesses Increased stability in neighborhoods

10. Increase: Loan volume Cross-selling Future banking services to employer

11. University of Washington Emmanuel Hospital Bellevue School District Cities of Seattle, Portland Fred Hutchinson Cancer Research Center Anthony’s Homeport Restaurant

12. Maintain a listing of homes or apartments available for sale and for lease in the local area. Provide information to employees on first-time homebuyer classes and programs offered by various organizations. Provide links to homebuyer assistance information and organizations on the company’s website. Allow a lender or nonprofit organization to present information on the home buying process on-site. Allow a lender or nonprofit organization to hold a first- time homebuyer class on-site

13. Provide a special homebuyer savings program Provide the employee an interest rate buy-down on their loan Provide the employee a low-interest loan, forgivable loan, or grant to help fund down payment and/or closing costs Provide second mortgage financing Provide a mortgage guarantee, full or partial, to assist in securing financing Engage in a master lease of properties and rent them to employees

14.  Employer  Bank  Nonprofit Organization

15. Partners to consider: Secondary Market: Fannie Mae, Freddie Mac Local non-profit organizations Trade associations Unions Municipalities

16. Your Bank’s EAH Program

17. 1.Commitment 2.Strategy  Coordinator  Your bank’s program offerings  Target employers  Partners – nonprofits/business assns.  Brochure, marketing plan

18. Coordinator Distributes brochure Seeks targeted advertising opportunities -trade magazines, conferences, newsletters Contacts employers, arranges initial meetings Coordinates homebuyer training Follows up with employer, employees, bank

20. Craig Nolte Regional Manager, Community Development Federal Reserve Bank of San Francisco PH (206) 396-2192 craig.nolte@sf.frb.org