MAKING OPTIONS AVAILABLE
In an effort to help employees improve their work-life balance, two primary areas should be considered: housing options listed below and commuting choices. Employers can make information about these programs and incentives available to employees by referring them to the appropriate workforce housing contacts.
LOCAL, REGIONAL AND NATIONAL HOME ASSISTANCE PROGRAMS
Employees in the Washington region have a wide array of incentive programs to enable the purchase of an apartment,
condominium, single or multi-family home close to work and realize the advantages of both equity and convenience.
Depending on locality, this may also reduce or eliminate the expense and upkeep of owning a personal vehicle. Highlighted
below within this online guide are just some of the programs that provide local, regional and national incentives which make living near the office more practical and affordable.
Housing programs and incentives listed in this online guide may be discontinued or changed without notice. Contact the state, county or city housing administrators for assistance and information on the availability of these or other programs.
First-time homebuyers in the District of Columbia can receive a $5,000 federal tax credit. This tax credit is available to individuals who purchase a home in D.C. as their primary residence. Those who have owned a primary residence before in another jurisdiction or in the District are still eligible as long as they have not owned a home in the District of Columbia during the year preceding the new purchase. For more information and to get Form 8859 “DC Homebuyer” visit the IRS website at www.irs.gov or call 800-TAX-FORM.
The D.C. Employer Assisted Housing Program provides grants and deferred loans of up to $11,500 to employees of the District of Columbia governments who are first-time home buyers in Washington, D.C.
In addition to the local program listed below – Calvert, Charles, Frederick, Montgomery and Prince George’s counties have advantageous national and regional programs as well as state wide programs available. Some multi-jurisdictional programs may also be applicable. See column on left for more information.Calvert County
House Keys for Employees Online E-Seminar/Tutorial
Coordinated through the Calvert County, Maryland Department of Economic Development
Prince George’s County
Low-interest rate first mortgage, with down payment and closing cost assistance, subject to income limits and qualification as first-time home buyers.
In addition to the local programs listed below – Virginia counties and cities have advantageous national and regional programs as well as state wide programs available. Some multi-jurisdictional programs may also be applicable. See column on left for more information.
Alexandria, City of
Deferred payment, 0% interest loans up to $5,000 for public employees who purchase homes in the City of Alexandria.
Down Payment and closing cost assistance to qualified registrants.
Fairfax County is building and buying several dozen townhouses and condominiums to rent to nurses, police officers, firefighters, teachers and bus drivers.
First-time home buyers who want to purchase a new home or a re-sale/existing home can borrow up to $5,000 at three percent interest, to be used toward down payment and closing costs.
Summary of Available Housing Programs