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Employer Assisted New Home
Ownership Program
REACH Illinois
+USDA Rural Development
+ Brian Grainger Construction
Employer Assisted New Home Ownership Program
Employee Assisted New Home Ownership Program
- Long term Interest Rate as low as 1%, up to 38 year loan
- Forgivable Loan up to $10,000
- Total mortgage payments as low as $600-$800+
Homeownership Benefit for Your Workforce
- State Matching funds of up to $5,000 for down payment
assistance.
- State tax credits of 50 cents for each dollar invested.
- USDA mortgages: low interest and longer terms- up to 38 years.
- $2,000 rebate to the employer for each employee that buys a home
from Brian Grainger Construction.
"We see employer-assisted housing as a great tool for getting
employees in a home and keeping them with our company."
Marion Meginnis, President/General Manager WQAD-TV-DT News Channel 8,
Rock Island
"Employer-assisted housing gives companies a cost effective tool to
combat the jobs-housing mismatch."
Andrew J. McKenna, President, Schwarz Paper
What are the benefits to you, the employer?
- Five Year Commitment from Employee
- Increase Employee Loyalty
- Reduce Absenteeism
- Reduce Training Costs
- Help Employees balance work and family life
- Improve Stability and Moral
- Yield Appreciation from the broader community
- Reduce Security Costs
- Reduce recruitment cost and Turnover
- Enhance your bottom line
- Satisfaction of helping your most valuable resource: Your
Employees
Grainger Construction
recognized
DeKalb County - Housing Action Illinois recently commended Brian
Grainger Construction, Inc for its innovative work in creating
The Employer Assisted New Home Ownership Program, (EANHOP), for
the local workforce. By combining state and federal
homeownership programs with an employer contribution, Brian
Grainger Construction Inc. is helping its employees buy homes.
Now they are offering to help other local employers do the same
- at no cost.
EANHOP is a model of innovation in Illinois. It allows companies
to offer homeownership as an employee benefit, and it helps
employees who could not otherwise buy homes.
EANHOP combines state dollars through REACH IL for down payment
assistance up to $10,000 and long term interest rates as low as
1 percent, zero down through the US Department of Agriculture
Rural Development. Eligibility is not based on credit score but
rather income and number of people in the household. |
Contact Us for More Information about this
EXCITING program!
Please click here if you are an Employer
Please click here if you are an Employee
Click
here to see what we have Available Now!
Brian Grainger Construction, Inc.
Solid Construction, Solid Future
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