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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

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

Published in: Business, Technology

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  • A Home for Everyone 2007 Prepare for responsibilities & challenges
  • A Home for Everyone 2007
  • A Home for Everyone 2007
  • A Home for Everyone 2007
  • A Home for Everyone 2007
  • A Home for Everyone 2007
  • A Home for Everyone 2007
  • A Home for Everyone 2007
  • Transcript

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