Housing Programs >Employer-Assisted Housing (EAH) Incentive
Click here to view the EAH brochure.
Want more information? Click here to submit a request
Click here to view EAH Success Stories.
What is EAH?
A housing benefit plan offered by an employer to assist eligible employees with down payment and closing cost for the purchase of a home. The EAH benefit plan will become a part of your employee benefit package.
How Does EAH Work?
Each company creates a customized EAH benefit structured to meet the needs of the employee as well as the employer. Examples of types of benefits: Homebuyer Education, Forgivable Loan, Repayable Loan, Grant, Matched Savings Plan.
Why Develop an EAH Benefit?
- Reduces recruitment, turnover & training costs
- Improves employee loyalty and morale
- Can reduce commute time when employees are encouraged to live closer to work
- Improves bottom line because satisfied workers are more productive
- Sets your business apart as an innovative and progressive leader in the community
What is the EAH Incentive?
The EAH incentive is a tool to encourage employers to develop EAH benefit plans by providing matching funds to leverage the financial benefit of the employer.
REI has obtained funding for the matching funds. The matching funds can not exceed $2,500 per family, with a maximum per company based on number of employees. Matching funds available on first-come, first-serve basis.
Example: Company A offers its eligible employees an EAH benefit plan structured with a 3-year forgivable loan of $1,500. REI will match the $1,500 -- now the employee has $3,000 to use toward the purchase of a home.
How Do I Get Started?
You get started by calling 1-800-658-2823.
Request technical assistance from the EAH partnering agencies to help you get started in developing your company’s EAH benefit package.
Services of EAH partnering agencies include:
- USDA Rural Development offers opportunities for home-ownership through direct and guaranteed loans and provides one-on-one counseling to eligible employees.
- REI provides matching funds equal to your incentive up to $2,500 per family, with a maximum per company based on number of employees. Matching funds available on first come, first-serve basis.
For more information: Email Dena Sherrill, or call REI at 1-800-658-2823
The EAH Incentive is a collaborative effort of REI and USDA Rural Development to provide affordable housing for the rural Oklahoma workforce.
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