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Employer Assisted Housing Among Private Sector Strategies Addressing Affordability Issue

Information in the publication, “Private Sector Partnerships: Investing in Housing and Neighborhood Revitalization,” was derived from discussions at a series of Senior Executive Roundtables designed to reach “business and civic leaders around the country who are increasingly making the connection between affordable housing and their community’s future economic and social well being.”

The new report provides examples of how employers are helping to expand housing opportunities for their workers at Fannie Mae, and in Chicago, Milwaukee, Seattle and Portland, OR.

Also included are discussions on the creation of state incentives for the removal of local barriers to the construction of affordably priced housing in Massachusetts and public-private redevelopment efforts in San Diego and the Phillips neighborhood, south of downtown Minneapolis.

“With federal spending cuts greatly reducing the role that government programs have historically played in providing affordable housing, private sector partnerships are without question proving highly effective and are growing in popularity as a result,” said NHC Chariman G. Allan Kingston, president and CEO of Century Housing.

“Ultimately, our goal is to bring the related strategies and lessons learned in this new report to a nationwide audience so that companies, and the communities they serve, are provided with the tools and resources needed to succeed.”

“In addition, by highlighting the advantages of employer assisted housing programs, NHC is certain that companies and organizations will be quick to realize the benefits, not only to their employees, but to their bottom-line through less turnover, as well as improved morale and productivity,” Kingston said.

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