1 Workforce Home Benefit Freddie Mac’s Employer Assisted Housing Program Dale Saunders May 9, 2007

2 Introduction to Workforce Home Benefit Workforce Home Benefit Options Workforce Home Benefit Toolkit Next Steps

3 Benefits to Employer Improved “Employer of Choice reputation Increased recruiting abilities Higher retention Increased employee loyalty and morale Improved employee dependability Enhanced community involvement

4 Workforce Home Benefit Options

5 Homebuyer Education Repayable Loan Deferred Loan Forgivable Loan Matched Savings Account Grant Loan Guaranty

6 Trusted Intermediary: Employers Seek to Leverage Employers as Trusted Intermediaries on housing matters Workforce Home Benefit SM – 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

7 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

8 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

9 Questions ? Thank You!