Workforce Housing Initiative

In many communities across Wisconsin, affordable housing is not located near major employers. Workforce Housing programs help reduce stress to employees who have to commute a lengthy distance to work. In turn, employers increase staff retention and decrease costs associated with recruiting and training. Learn how this program can save an employer money.

What is the employer's role?

A workforce housing program requires a company to see their role as a good corporate citizen for the long term. Their level of involvement can range from hosting Home buyer education classes to offering down payment assistance. Obtain a listing of successful Workforce Housing Programs in Wisconsin.

An employer:

Determines eligible employee criteria and a budget
Provides funding directly to employees or to local non-profits for housing assistance

What is WHEDA®'s role?

WHEDA provides assistance with designing the program and developing additional private and public resources. WHEDA can also contract with local non-profits for technical assistance, Home buyer education and credit counseling services. In addition WHEDA will:

Provide an organization's Human Resources Department with a simple employee survey to determine the housing needs of the workforce, compile the confidential results and supply housing data for neighborhoods near the workplace.

Sample Survey
Facilitate dialogue with the Human Resources Department regarding down payment assistance from the employer.
Offer WHEDA's 30-year fixed rate Home loan and down payment assistance opportunities.
Coordinate administrative support if down payment assistance is offered.

If your company is interested in hearing more about how to create a program for Home ownership please contact:

Diane Schobert
Business Development Officer - WHEDA
Phone: 608-266-0191
Fax: 608-266-0729
diane.schobert@wheda.com