Frequently asked Questions
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What is the Employer Consortium?
The Employer Consortium are the enrolled employers, organizations, associations, and unions offering relocation and housing benefits to their employee or members.
What does enrollment into the employer consortium require?
Enrollment into the employer consortium is complete with a signed relocation and housing benefit plan on file with the administrator. Enrollment then provides employees and members access to the relocation and housing benefit.
What is the relocation and housing benefit plan?
The relocation and housing benefit plan is the Consortium’s Guideline and Agreement. This document includes the plan’s administration, benefit funding requirements, and objectives of the process.
What kind of employers or organizations can enroll into the consortium?
Any employer can enroll: small, large, self-employed, non-profit, proprietorships, LLC’s, associations, organizations, and labor unions etc. are all encouraged to enroll.
What responsibilities does my organization incur by enrollment?
The relocation and housing benefit is facilitated by the plan’s administrator, however enrollment responsibilities for employers are to supply information of benefit availability with every employee, ensuring this is an equal opportunity benefit for all employees or members of the enrolled organization. Benefit information is supplied by the plan’s administrator. The organization also ensures that no recapture of repayment is executed by the buyer through pay-roll.
Who should I have my employees contact when they need information concerning the benefit funding?
Your employees should contact the plan’s administrator. This information is located on the back of their member benefit cards.
How do my employees and members benefit from my enrollment?
Your employee or members will be supported with a relocation and housing benefit package equal to three percent of the home’s purchase price.
What are my employee’s requirements of the relocation and housing benefit funding?
Your employee will need to complete an home buyer’s educational packet and six hours of community reinvestment service of their choice.
Why Enroll into the Employer's Consortium?
Relocation and Housing Benefits have historically assisted employers with attracting and retaining valuable employees.
Benefit packages are an excellent enhancement to existing employee benefit package.This relocation and housing benefit is supported with a PPO Network structure with outsourced administration, ensuring that the employer does not incur additional staffing and training expenses. Employers and employees are assisted with the network's knowledgeable housing professionals, mortgage lenders, training staff, administrative oversight, and website support.
Employers Benefits
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Recruitment Support to retain competitive edge.
Recruitment Support to retain competitive edge.•Retention Support to save new employee training expense.
Retention Support to save new employee training expense.•Revitalize the Regional Housing Market which creates economic growth.
Revitalize the Regional Housing Market which creates economic growth.•Rewarding homeownership experiences for entire families.
Rewarding homeownership experiences for entire families. •Enhances current benefit packages for all employees.
Enhances current benefit packages for all employees.• Outsourced administration maintains budgeted expenses.
• Professional Partnerships to navigate requirements.
Sponsoring Enrollment Benefits
•Support current value of membership enrollment with a benefit for members and employees.
Support current value of membership enrollment with a benefit for members and employees.•Support economic development through attracting and retaining businesses and homeowners to the region.
Support economic development through attracting and retaining businesses and homeowners to the region.•Develop new membership enrollment.
Develop new membership enrollment.•Retain housing network related service income in the area.
Retain housing network related service income in the area.•Retain local economic stability generated by local housing activity.
Retain local economic stability generated by local housing activity.Employee Benefits
• Wealth Appreciation through potential long term equity appreciation.
Wealth Appreciation through potential long term equity appreciation.• Required educational component promotes foreclosure prevention.
Required educational component promotes foreclosure prevention.• Reinvestment service hours strengthen communities.
Reinvestment service hours strengthen communities.• Preserves acquired wealth for unforeseen family expenses or hardships.
Preserves acquired wealth for unforeseen family expenses or hardships. The following link opens a document submitted to the Fannie Mae Foundation by the National Community Investment Fund. It describes a business case for including homeownership assistance in the benefits package offered to employees at the workplace. Based on the early experiences of employers who have adopted this approach, a convincing case can be made for homeownership assistance as it relates to a company’s mission, goals, and bottom line.
For Workforce Relocation
and Housing Benefits
Relocating across the street, across the state or across the nation? We Can Help.
• Employers enrolled in the Consortium are supplied with a cost effective relocation and housing benefit plan that supports every employee who is able to secure a mortgage.
• In some cases, labor unions or membership organizations play the employer role, coordinating services on behalf of members. Sponsoring Master enrollments can be completed by Chambers of Commerce, Unions, Rotory and Lion Clubs, Urban Leagues, etc. as a member benefit for all members and their employees.
• Employees are supported with a taxable compensation benefit package equal to three percent of a home’s purchase price by completing an educational component and community reinvestment service.
• The benefit package and process is supported with the network's administration and providers through a comprehensive PPO referral structure to ensure the employee’s real estate transaction is an efficient and rewarding experience.
For Workforce Relocation
and Housing Benefits
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