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Workforce Home Benefit

Freddie Mac’s Employer Assisted Housing Program

Dale SaundersMay 9, 2007

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Introduction to Workforce Home Benefit

Workforce Home Benefit Options

Workforce Home Benefit Toolkit

Next Steps

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Benefits to Employer

• Improved “Employer of Choice reputation

• Increased recruiting abilities

• Higher retention

• Increased employee loyalty and morale

• Improved employee dependability

• Enhanced community involvement

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Workforce Home Benefit Options

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Workforce Home Benefit Options

• Homebuyer Education

• Repayable Loan

• Deferred Loan

• Forgivable Loan

• Matched Savings Account

• Grant

• Loan Guaranty

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Trusted Intermediary: EmployersSeek to Leverage Employers as Trusted Intermediaries on housing matters

Workforce Home BenefitSM – Freddie Mac’s Tool for Employers

Initiatives with: Tyson Foods Georgia Department of Corrections Allegheny General Hospital (Pittsburgh) In & Out Burger Jackson State University (Mississippi) Douglas County, CO Public Schools McClennan County, Texas CVS

WHB Toolkit provides answers to starting an

employer-assisted homeownership program

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Toolkit Components

• Overview brochure

• Functional design development tools

• Mortgage products information

• Administration tools

• Template employee marketing materials in English and Spanish

• HR training presentation template

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Legal and Tax Implications

• Taxation depends on: Option chosen; method of transferring money, locale

• Speak to your finance department, attorney or accountant .

• Discuss Taft -Hartley and ERISA implications with legal staff

• Refer to Plan Option Matrix in toolkit

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Questions ?

Thank You!