Workforce Home Benefit Freddie Mac’s Employer Assisted Housing Program Dale Saunders May 9, 2007

1. Workforce Home Benefit Freddie Mac’s Employer Assisted Housing Program Dale Saunders May 9, 2007

2. Introduction to Workforce Home BenefitWorkforce Home Benefit OptionsWorkforce Home Benefit ToolkitNext Steps

3. Benefits to Employer • Improved “Employer of Choice reputation • Increased recruiting abilities • Higher retention • Increased employee loyalty and morale • Improved employee dependability • Enhanced community involvement

4. Workforce Home Benefit Options

5. Workforce Home Benefit Options • Homebuyer Education • Repayable Loan • Deferred Loan • Forgivable Loan • Matched Savings Account • Grant • Loan Guaranty

6. Trusted Intermediary: Employers Seek to Leverage Employers as Trusted Intermediaries on housing matters Initiatives with: • Tyson Foods • Georgia Department of Corrections • Allegheny General Hospital (Pittsburgh) • In & Out Burger • Jackson State University (Mississippi) • Douglas County, CO Public Schools • McClennan County, Texas • CVS Workforce Home BenefitSM – Freddie Mac’s Tool for Employers WHB Toolkit provides answers to starting an employer-assisted homeownership program

7. Toolkit Components • Overview brochure • Functional design development tools • Mortgage products information • Administration tools • Template employee marketing materials in English and Spanish • HR training presentation template

8. Legal and Tax Implications • Taxation depends on: Option chosen; method of transferring money, locale • Speak to your finance department, attorney or accountant . • Discuss Taft -Hartley and ERISA implications with legal staff • Refer to Plan Option Matrix in toolkit

9. Questions ? Thank You!