1. Employer Assisted Housing Programs
Donald Terry
NeighborWorks Home Ownership Center Sacramento Region

2. Overview What are the options? Acquire Homes and/or Build Housing
Home Ownership Assistance
Direct Lending
Rental Assistance
Capital Investments (CDFIs)
How can NeighborWorks Help?

3. Acquire and/or Build Acquisition of existing homes
Work with developers to build workforce only housing (I know its Tahoe…)
Utilize local government owned land
For rent to employees
City Manager’s House?
For sale only to employees

4. Home Ownership Assistance
Home Buyer Education and Counseling
Down Payment Assistance Loans
For Closing Costs
Payment Deferred
Direct Mortgage Lending
Land Trusts
Equity Share Mortgages

5. Rental Assistance Stipends for Security Deposits
Bonding for damages to incentivize landlords
Monthly Allowances for housing in addition to normal compensation

6. Capital Investments
Community Development Financial Institutions (CDFI)
Community Development Corporations (CDC)
Revolving Loan Funds
Direct Investment in Housing Developments
Land Trusts
Community Reinvestment Act (CRA) Investments from Banks

7. How can NeighborWorks Help
We are:
A CDFI
Acquire Land, Homes, Construction Management Services
Down Payment Assistance
Administer
Home Buyer Education
USDA Direct Lending
No Down No PMI

8. Questions? Donald Terry Director of Real Estate Development
NeighborWorks Home Ownership Center Sacramento Region
2411 Alhambra Blvd., Suite 200
Sacramento, CA 95817