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EMPLOYER ASSISTED HOUSING
Recently, we've been working to interest employers in providing modest financial help to employees facing unusual housing costs: buying a home or moving to a new apartment.
Employer assisted housing is not a new idea. Factory owners in the old days built small homes nearby for workers. And some modern corporations give new executives lavish housing help. What we propose is different: small-scale help at critical times for ordinary employees.
That help could take a variety of forms. For example, in our model: a $5,000 no-interest loan for homebuyers, forgivable over five years of continued employment, and a $1,500 grant to employees renting a new apartment.
We are currently working to interest some larger employers in the area in adopting such a program.
For more information see our sample letter to employers and proposal for an employer assisted housing program.
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