In today’s housing market, just about everybody is feeling the squeeze. A study by the Joint Center for Housing Studies at Harvard University found that fewer Americans own homes today than in 1988 due to rising housing costs, while exorbitant rents in major metropolitan areas like San Francisco and New York continually make headlines.
While public policy is often touted as the solution to housing woes, there are a small, but growing, number of employers attempting to make a difference themselves. Whether through mortgage assistance, bonuses, corporate housing or rent stipends, the following six innovative employers are going above and beyond to assist employees with burdensome housing costs. Read on to learn more about their programs, and don’t forget to apply today!
Company Rating: 4.5
Housing Details: Not only do Facebook employees “receive a five-figure bonus if they live near the office,” according to the New York Times — the company is also in the beginning stages of creating a planned community called Willow Village which will include 1,500 apartments, retail stores, a hotel and more near its Menlo Park, California headquarters. While the housing development will be open to the public, it’s expected that the majority of residents would be Facebook employees.
What Employees Say: “You learn from great peers, work on unique planet scale problem, grow, move around and learn new tech while enjoying first class benefits. Leadership is visionary, genuine, surprisingly transparent and always looking for what is best for the facebook community.” —Current Engineering Manager
Company Rating: 4.0
Housing Details: Think it’s only large tech companies that help employees with housing costs? Think again! The University of Chicago is one of several academic institutions that assists employees with housing costs. Through its Employer-Assisted Housing Program, U of C provides up to $10,000 in down payment assistance or up to $2,400 in rental assistance to full-time, benefits-eligible employees who live in one of several neighborhoods surrounding the campus.
What Employees Say: “Great place to work, awesome team and they appreciate hard work and try to promote [within]. Also they provide great professional development opportunities.” —Current Employee
Company Rating: 4.4
Housing Details: If you’re a healthcare professional who’s prone to wanderlust, you might want to consider working for PPR Travel Nursing. Through short-term assignments, PPR Travel Nurses are sent to different locations throughout the country where their skills are needed the most. In exchange, employees receive competitive pay, travel reimbursements, 401(k) matching and housing stipends or paid private housing. And with 6.4k different jobs available, you’re sure to find a job function and location you’re interested in!
What Employees Say: “As a first-year SLP I was nervous to work for a contract company, but I have to say accepting a position with PPR TMG has been one of the best decisions I have ever made! My recruiter is excellent and has been there for me every step of the way. Not only is she personable, but she checks in with me at least once a month to see how things are going. PPR really advocates for their employees and appreciates them (and it shows!).” —Current Speech Pathologist
Company Rating: 3.8
Housing Details: Want to be a force for good and not have to worry about rent? Then you might want to look into AmeriCorps. While not every one of AmeriCorps’ open positions provides free room and board, many of them do, in particular their AmeriCorps NCCC and FEMA Corps positions. Particularly popular among recent graduates, AmeriCorps members get to make a real difference in local communities, gain valuable leadership experience and earn valuable perks like student loan deferments and education awards.
What Employees Say: “I have completed 3 Terms of service. Every project is different. Gain excellent, highly employable and valuable skills. Nothing compares to the gratification gained from serving others.” —Former Employee
Company Rating: 4.3
Housing Details: Cutting down on your commute is a reward in itself, but getting paid to do so? That’s even better. That dream is a reality for the employees at Addepar, a wealth management platform. Employees who live within a mile of their Mountain View office, or 15 minutes of their New York office, receive an additional $300 per month, reported The Wall Street Journal. Meanwhile, employees who live slightly further out, but still close to the office, receive $150 per month.
What Employees Say: “Fun and curious coworkers who genuinely enjoy building software and solving problems! Eric and leadership team are wonderful people, and Addepar has an admirable history of internal promotion and helping employees grow their careers.” —Former Employee
Company Rating: 3.4
Housing Details: Sixty percent of teachers believe that a lack of affordable housing poses a significant barrier to teaching in their district, which can in turn cause turnover and severe teacher shortages. To combat this growing problem, a handful of forward-thinking districts around the country have begun partnering with different organizations to provide more affordable housing. One of them is Asheville City Schools (ACS) in Asheville, North Carolina. In partnership with the local government and several charitable organizations, ACS unveiled the Williams-Baldwin Teacher Campus in 2017: a cost-effective, 24-unit apartment complex that aims to provide teachers with a vibrant, close-knit community at a fraction of the cost of other housing options in Asheville.
What Employees Say: “Asheville City Schools is a small and intimate community of educators, administrators, and facilitators that work together to create a positive and nurturing environment for all students. They offer support to new and experienced staff.” —Current Special Education Teacher