Partnership Case Study: Employer Assisted HousingAflac and NeighborWorks

Darlene Johnson Porter

Second Vice President, Human Resources

Employee Relations Officer

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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

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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

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• 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

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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

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How We Got Started

Partnership began in 2002

$20,000 available for down payment assistance

$25,000 available for down payment assistance (2003)

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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

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Partnership Management and Marketing

NeighborWorks conducts:

• Applicant Intake

• Counseling

• Grant Administration

• Mortgage Brokering

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Partnership Management and Marketing

Aflac provides marketing through the following:

• Company Newsletter

• Intranet

• Lunch and Learn sessions

• Employees appear in local television commercials

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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.

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New Aflac Homeowners

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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.

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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

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Thank you