The Hometown Home Loan Program was created in 1994 as a partnership between HomeStreet Bank and several employers and municipalities to help employees purchase homes. The program provides no-cost homeownership education, counseling and flexible loan programs with down payment assistance to address barriers to homeownership like affordability and lack of knowledge. Since inception, the program has helped over 9,000 homeowners with $11.8 million in closing cost savings and $17.2 million in down payment assistance. Employer-assisted housing programs benefit employers through improved recruitment and retention as well as communities by increasing affordable housing options.