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"Partnership Case Study: Employer Assisted Housing Aflac and NeighborWorks" was presented by Darlene Porter, Second Vice President of Human Resources at the Bringing Workers Home regional forum in ...

"Partnership Case Study: Employer Assisted Housing Aflac and NeighborWorks" was presented by Darlene Porter, Second Vice President of Human Resources at the Bringing Workers Home regional forum in Atlanta, June 2010, as the employer keynote

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Darlene Porter, Aflac Darlene Porter, Aflac Presentation Transcript

  • Partnership Case Study: Employer Assisted Housing Aflac and NeighborWorks Darlene Johnson Porter Second Vice President, Human Resources Employee Relations Officer
    • Aflac is the number one provider of guaranteed-renewable insurance in the United States and the largest life insurer in terms of individual insurance policies in force in Japan .
    • Aflac:
      • Provides protection to more than 40 million people worldwide.
      • Pays cash benefits to policyholders.
      • Is primarily sold at worksites in the United States.
    About Us
    • Aflac was founded by brothers John, Paul, and Bill Amos on November 17, 1955.
      • Headquartered in Columbus, Georgia
      • More than 4,500 U.S. employees and 3,500 employees in Japan
      • Locations in Georgia, New York, and Nebraska
    About Us
    • Fortune 100 Best Companies to Work For in America for the past 10 years
    • Hispanic Enterprise Top 50 Companies for Supplier Diversity
    • Black Enterprise 40 Best Companies for Diversity
    • Ethisphere Institute World’s Most Ethical Companies
    • Reputation Institute Most Respected Company in the Insurance Industry
    About Us
  • About NeighborWorks
      • Works in distressed communities through infill housing and homeownership programs
      • Provides intensive financial and educational counseling
      • Housing construction unit
      • Mortgage lending program
      • Community organizing department
      • Individual Development Account program
  • How We Got Started
    • Partnership began in 2002
    • $20,000 available for down payment assistance
    • $25,000 available for down payment assistance (2003)
  • Partnership Model
    • Eligibility Requirements
      • Must be an Aflac employee
      • Must be a first time home buyer
      • No mandatory pre- or post-purchase employment period
      • No income restrictions
        • 100% of applicants are at or below 80% of the area median income
      • Down payment grants are $5,000 or $1,000
      • Must go through intensive financial counseling and education
  • Partnership Management and Marketing
    • NeighborWorks conducts:
      • Applicant Intake
      • Counseling
      • Grant Administration
      • Mortgage Brokering
  • Partnership Management and Marketing
    • Aflac provides marketing through the following:
      • Company Newsletter
      • Intranet
      • Lunch and Learn sessions
      • Employees appear in local television commercials
  • How Have We Done
    • Provided more than $225,000 in grant money
    • 59 Aflac employees have purchased their own homes through this program
    • More than 240 Aflac employees and their families benefited from the NeighborWorks counseling program.
  •  
  • New Aflac Homeowners
  •  
  • Partnership Goals
    • Help employees realize the DREAM of owning their own home!!!
    • Provides an intangible benefit that will secure an employee’s
    • loyalty and sense of well-being.
  • Aflac Philosophy
    • “ If you take care of the employees,
    • the employees will take care of the business.”
    Paul Amos, Sr., John Amos, Bill Amos -1955
  • Thank you