Darlene Porter, Aflac

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

Darlene Porter, Aflac

by National Housing Conference & the Center for Housing Policy on Jun 17, 2010

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Darlene Porter, Aflac — Presentation Transcript