The Hometown Home Loan Program was created in 1994 as a partnership between a bank and local governments to provide affordable home loans and assistance to employees. The program addresses barriers to homeownership like costs and affordability. It offers reduced fees, education, counseling and flexible loans to over 8,600 borrowers, with over 40% being first-time buyers. The program benefits both employees and employers by stabilizing the workforce and enhancing benefits while achieving cities' housing goals.

1. Workforce Housing in Action: The Hometown Home Loan Program