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Economic Development Through Public / Private Partnerships

The Employer Assisted Housing Program partners with government grant sources to help employers retain and recruit qualified employees. By offering a small contribution through this program, employees can access grants to purchase homes in Nassau or Suffolk Counties. Administered through LIHP, the program requires minimal paperwork for employers. Grants are provided via Federal “HOME” Funds, New York State Affordable Housing Corporation, and Long Island Senate Delegation HELP Allocation. The program aims to retain and recruit qualified employees, improve morale, and enhance corporate image. Benefits to companies include maintaining a competitive edge, reducing turnover and hiring costs, enhancing loyalty, and improving morale and performance. The Long Island Housing Partnership's EAH Program has awarded over $9 million in grants, with over $1.5 million in employer matching grants and generating over $100 million in home mortgages. Over 300 employees and 130 employers have participated, ranging from small private entrepreneurs to large multinationals, unions, and universities.

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Economic Development Through Public / Private Partnerships

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  1. Economic Development Through Public / Private Partnerships Retaining and Recruiting Qualified Employees

  2. The Employer Assisted Housing Program partners Employers with government grant sources to assist employers retain and recruit employees. With a small contribution through an employer housing benefit program, employees may qualify for several available grants to purchase a home in Nassau or Suffolk Counties. The program is administered through LIHP and requires a minimum of administration and paperwork for the employer. Grants are provided through: Federal “HOME” Funds through Nassau & Suffolk Counties New York State Affordable Housing Corporation (AHC) Grant through New York State Homes and Community Renewal $25,000,000 “HELP” Allocation through the Long Island Majority Senate Delegation

  3. Goals of a successful program • Retain qualified employees • Recruit new employees • Improve employee moral • Improve corporate image

  4. Benefits to the Company • Retain competitive edge • Reduce employee turnover • Save on hiring costs • Save on training costs • Increase loyalty • Improve employee morale • Increase worker performance • “Great Place to Work” Company branding

  5. Long Island Housing Partnership’s EAH Program • Over $9 million awarded in grants • Over $1.5 million in employer matching grants • Over $100 million in home mortgages generated • Over 300 employees participated • Over 130 employers enrolled • Companies with 3 to 22,600 employees • Small private entrepreneurs • Large Multinationals • Unions and Not-For-Profits • Universities

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