Employer Assisted Housing Program (EAHP)
Â鶹ֱ²¥ provides eligible full-time employees with down payment and repair assistance through the Employer Assisted Housing Program.
Â鶹ֱ²¥ is pleased to participate in the Employer Assisted Housing Program (EAHP) with the to offer full-time employees with 3 years of continuous full-time service (who meet program qualifications) down payment assistance and repair assistance to help buy a new home.
EAHP Benefits
- Financial Assistance: Down payment and repair assistance to help buy a new home.
- Employer Contribution: Â鶹ֱ²¥ contributes $5,000 (taxable to the employee), with taxes withheld from the employee’s paycheck within the calendar year of receipt.
- Funding Sources: Additional funds come from Nassau and Suffolk County, New York State, and Â鶹ֱ²¥.
Eligibility Criteria
To qualify for the EAHP, applicants must:
- Purchase a pre-existing single-family house, co-op, or condominium within Nassau or Suffolk County that appraises at or below guideline requirements.
- Occupy the property as a principal residence.
- Have an annual income meeting the program’s income guidelines.
- Be a full-time employee in good standing with three years of continuous full-time service.
- Meet other program guidelines as defined by funding sources.
Application Process
- To determine eligibility, employees must download and complete the EAHP Eligibility Verification Form
- Once eligibility has been determined, the program application will be sent to the employee by the Long Island Housing Partnership, Inc.
Â鶹ֱ²¥ will only provide an employer contribution for employees who are approved through this program.