"Housing affordability has gone from being a private, kind of personal, family, household issue to now it's a workforce issue. When you've got employees who are coming and they're stressed because 45% of their monthly paycheck is going to pay rent, and they're broke, and it's a crowded space, they are not showing up and doing their best work."
"Unlike government-backed programs that match employer dollars, some companies fund housing help entirely on their own. Fannie Mae was an early adopter, launching an employer-assisted housing benefit in 1991 that offered first-time homebuyers on its staff a loan for down payment and closing costs."
A growing number of private sector employers are providing housing benefits to help workers afford living near their workplaces. While policymakers focus on zoning reforms, employers are also addressing the housing affordability crisis. However, employer-assisted housing remains uncommon, with few companies offering direct assistance. Many workers still face long commutes despite increased housing supply. The issue of housing affordability has shifted from a personal concern to a workforce issue, impacting employee performance and well-being. Some companies independently fund housing assistance, unlike government programs that match employer contributions.
Read at www.housingwire.com
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