EMPLOYER SOLUTIONS
Oro Impact helps employers provide customized down payment assistance and savings solutions as valuable employee benefits allowing employees to build wealth through home ownership, while offering employers a powerful tool to improve recruitment, employee loyalty and retention.
DOWN PAYMENT ASSISTANCE PLATFORM
Oro Impact’s down payment assistance (DPA) platform develops, manages and administers customized programs as an impactful employee benefit.
ORO Impact’s platform allows employers to create completely customized DPA programs to best meet the needs of specific groups of employees. DPA programs can be structured around the following program attributes:
EMPLOYEE ELIGIBILITY
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Which employees are eligible to participate?
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Do employees need to be employed for a certain number of months/years to be eligible?
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Is the program limited to employees working in certain geographies or types of positions?
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Is the program only available to first time home buyers?
AMOUNT
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What is the maximum amount of down payment assistance available?
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Are there other caps on the amount of down payment assistance (e.g., 20% of purchase price)?
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Are employees required to contribute or match the employer’s contribution?
REPAYMENT
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Is the down payment assistance repayable or will it be forgiven over time if the employee remains employed with the company?
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If the down payment assistance is repayable, are the payments deferred for a certain period or can they be repaid out of annual bonuses?
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If the down payment assistance is forgivable, what is the forgiveness period and how much is forgiven each year?
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Is any portion of the down payment assistance structured as a shared appreciation grant – e.g., if the employer contributes 10% of the home’s purchase price, the employer is entitled to 10% of the appreciation or sales price when the home is sold?
DOWN PAYMENT SAVINGS SOLUTIONS
Oro Impact’s down payment savings solutions help employees save for down payments and prepare for home ownership.
