What other home buying incentives are available?
Why Employers Offer Affordable Housing Incentives
- Allows an employer to expand operations and recruit new employees.
- Increases stability in the workforce as turnover decreases.
- Reduces absenteeism, tardiness, and stress as commuting times decrease. Raises morale and increases productivity.
- Helps stabilize deteriorating neighborhoods. Improving or replacing dilapidated housing in a company’s immediate neighborhood can have positive effects on a firm’s property values and address safety issues for employees.
- Offers opportunities for a return on an employer’s investment when structured appropriately through partnerships with developers.
–Employer Assisted Housing Resource Guide
Most programs involve some type of down payment assistance for employees purchasing a home in a specific area. It is usually structured as a five-year forgivable loan and secured by a lien on the new home.
These programs can be stacked with the Promise program (requirements apply):
Mayo Clinic Health System:
Employees can receive a $5,000 grant. The home must be located in the Washburn or Powell-Poage-Hamilton Neighborhoods. There are no income eligibility requirements. Visit mayoclinichealthsystem.org or call 608-392-2860.
Gundersen Health System:
Employees receive funds for the first year property taxes. The home must be located in the Powell-Poage-Hamilton Neighborhood. There are no income eligibility requirements.
Call 608-775-5471 or visit gundersenhealth.org.
La Crosse County:
Other housing programs:
The City of La Crosse has a range of programs, including renovation programs and income-qualified programs.
Couleecap: First-time homebuyers’ assistance with process, down payment and closing costs. Programs are typically income-qualified. Visit couleecap.org or call 866-717-9490
Habitat for Humanity also runs income-qualified programs.