LancasterThrivingSummerFall2017 - 61
You may be asking yourself, how does an employer impact
this issue? There are two key ways: 1) increasing the
community's supply of affordable housing and, 2) helping
employees obtain affordable housing.
To increase the community's supply, employers can do
development of infrastructure, contribute to non-profit
organizations committed to affordable housing in the
community, or provide support at municipal meetings for
projects that would add to our housing stock.
But it is the second option - helping employees obtain
affordable housing - that is gaining momentum as a strategy
for employers. By providing employer-assisted housing,
employers are able to recruit new employees, increase
stability as turnover decreases, reduce tardiness and
stress as commuting time decreases, improve community
relations, stabilize deteriorating neighborhoods, and raise
morale and productivity.
THERE ARE FIVE MAIN WAYS
EMPLOYERS ARE DOING THIS:
1. Down Payment/Closing Cost or Principal Assistance
2. Secondary (Gap) Financing
3. Rent Subsidies
4. Homebuyer Education and Counseling
5. Help with Applications, Credit, Moving Costs,
WITH DIVIDEND POTENTIAL
Business insurance that could pay you back?
Absolutely! Since 1994, bizSure, a cash back
insurance program, has paid more than $3 million
in dividends to eligible members*.
Over $3 million
in dividends paid since 1994
Available only to eligible Lancaster
Chamber members, bizSure is a
complete business insurance program,
including discounted premiums on
Workers' Compensation, Property,
General Liability and Automobile Liability.
To learn more about
bizSure, current and
members should visit
*By law, dividends cannot be guaranteed. They must be declared by the board of directors of the insurance company. Standard underwriting
criteria and eligibility rules apply to all applicants. Chamber membership does not guarantee acceptance into the bizSure program.