The NeighborWorks
Alliance of Vermont is offering five employers the opportunity
to participate in a pilot Employee Homeownership program.
Employers are identifying the lack of
affordable housing in Vermont as a barrier to productivity
and economic growth
 Vermont
ranks 7th nationwide in states that are losing prime candidates
for employment ñ college educated workers who
are 25 to 39 years old. Much of this loss is attributable to
the lack of affordable housing in Vermont.
Recruitment
challenges increase as employees face tough times finding
housing they can afford.
Between
1990-2000, the percentage of Vermontís workforce that
commutes an hour or more for work increased by 92%.
“The
Vermont Country Store recognizes that affordable
housing opportunities for working families are
essential to creating healthy and sustainable
communities in Vermont. The Vermont Employee
Homeownership program is an innovative and broad
approach to helping families plan for and achieve
their homeownership goals through an unusual
homebuyer and financial education curriculum.
We look forward to providing leadership in this
emerging initiative.”
Eliot Orton, President,
Vermont Country Store |
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The NeighborWorks Alliance of Vermont
is the point of entry for employees to navigate through the
maze of:
Saving for homeownership
Securing a mortgage
Buying a home
Finding home repair funds
The NeighborWorks Alliance of Vermont
assists employees of all incomes.
We
are a statewide network with 10 offices and 43 homeownership
specialists.
We
have solid partnerships with every private, nonprofit, and
public lender in the state.
We
have access to special financial products to make homeownership
more affordable.
We make unbiased recommendations to customers regarding their
options for becoming homeowners.
The Vermont Employee Homeownership program
will have a tangible impact on the workforce by offering
a customized menu of services and products.
The employer
chooses how to structure the benefit:
Assistance for down payments or closing costs
Matched savings plans
First option on homes purchased by employees
For more information, please contact Liz Curry,
Project and Resource Coordinator:
802-864-7244 or email.
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