Workforce Housing  in Action   Minneapolis, MN  July 12, 2010 EAH  –   Milwaukee, Wisc.
Our Mission Help people achieve the dream of homeownership in City neighborhoods to enrich their lives and strengthen the ...
<ul><li>Employer Assisted Homeownership </li></ul><ul><li>Originally a modest pilot effort with one firm </li></ul><ul><li...
<ul><li>EAH – More than a niche </li></ul><ul><li>Substantial portion of production –   2009 </li></ul><ul><li>85 sales – ...
<ul><li>EAH Program Model </li></ul><ul><li>Outsourced homeownership fringe benefit </li></ul><ul><li>Benefit administrati...
<ul><li>Program Services: Employer </li></ul><ul><li>Program Administration </li></ul><ul><ul><ul><li>Employee Inquiries <...
Program Services:  Employee <ul><li>Objective, timely finance & purchase info </li></ul><ul><li>Qualifications assessment ...
Outcomes <ul><li>Successful, sustainable homeownership </li></ul><ul><li>Increased employee retention </li></ul><ul><li>Be...
For more information visit www.selectmilwaukee.org or contact   Joyce Smyth Keehn [email_address] 414-299-3624
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Ray Schmidt 071210

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Presentation from the Bring Workers Home workforce housing regional forum in Minneapolis on July 12, 2010

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  • A Home for Everyone 2007 Prepare for responsibilities &amp; challenges
  • A Home for Everyone 2007
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  • Ray Schmidt 071210

    1. 1. Workforce Housing in Action Minneapolis, MN July 12, 2010 EAH – Milwaukee, Wisc.
    2. 2. Our Mission Help people achieve the dream of homeownership in City neighborhoods to enrich their lives and strengthen the community <ul><li>Homeownership Promotion </li></ul><ul><li>Foster sustainable homeownership </li></ul><ul><li>Provide advice & guidance </li></ul><ul><li>Rehab TA & resources </li></ul><ul><li>Relationships with reputable partners </li></ul><ul><li>Secure prime-priced financing </li></ul><ul><li>Purchase & repair incentives </li></ul><ul><li>Establish post-purchase relationship </li></ul>
    3. 3. <ul><li>Employer Assisted Homeownership </li></ul><ul><li>Originally a modest pilot effort with one firm </li></ul><ul><li>Helped build Select Milwaukee’s foundation </li></ul><ul><ul><li>Advance mission </li></ul></ul><ul><ul><li>Forge partnerships </li></ul></ul><ul><ul><li>Reach market </li></ul></ul><ul><ul><li>Good PR </li></ul></ul>
    4. 4. <ul><li>EAH – More than a niche </li></ul><ul><li>Substantial portion of production – 2009 </li></ul><ul><li>85 sales – 50% </li></ul><ul><li>$11mm sales </li></ul><ul><li>$10.1mm quality mortgage loans </li></ul><ul><li>$246k employer investment </li></ul><ul><li>Leveraged additional $294k incentives </li></ul><ul><li>$46,100 median HH income; 85% AMI </li></ul><ul><li>54% of buyers families of color </li></ul>
    5. 5. <ul><li>EAH Program Model </li></ul><ul><li>Outsourced homeownership fringe benefit </li></ul><ul><li>Benefit administration </li></ul><ul><li>Employee services </li></ul><ul><li>Primary point of contact </li></ul><ul><li>Marketing/Outreach plan </li></ul>
    6. 6. <ul><li>Program Services: Employer </li></ul><ul><li>Program Administration </li></ul><ul><ul><ul><li>Employee Inquiries </li></ul></ul></ul><ul><ul><ul><li>Employee Benefit Processing </li></ul></ul></ul><ul><ul><ul><li>Track and monitor program participation </li></ul></ul></ul><ul><li>Marketing and Outreach </li></ul><ul><ul><ul><li>Provide site-based seminars </li></ul></ul></ul><ul><ul><ul><li>Success Stories </li></ul></ul></ul>
    7. 7. Program Services: Employee <ul><li>Objective, timely finance & purchase info </li></ul><ul><li>Qualifications assessment </li></ul><ul><li>Credit/budget counsel when needed </li></ul><ul><li>Home purchase education </li></ul><ul><li>Secure prime-priced financing </li></ul><ul><li>Leverage incentives & subsidies </li></ul><ul><li>Referrals to trustworthy service providers </li></ul>
    8. 8. Outcomes <ul><li>Successful, sustainable homeownership </li></ul><ul><li>Increased employee retention </li></ul><ul><li>Better performing workers </li></ul><ul><li>Workplace diversity enhanced </li></ul><ul><li>Stronger communities and neighborhoods </li></ul>
    9. 9. For more information visit www.selectmilwaukee.org or contact Joyce Smyth Keehn [email_address] 414-299-3624
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