Employment Announcement:
           Bi-Lingual Housing Counselor Homeownership Education and Foreclosure Prevention [PDF]

Date:	June 29, 2007
Time:	9:30-12:00
Location:	National Rural Electric Cooperative 4301 Wilson Blvd Arlington, Virginia 22203
Parking:	Under building, across street at mall, and metro 2-blocks away
Sponsors:	Arlington County Dept of Community Planning & Housing, Freddie Mac, Chamber of Commerce, & HUD
Background:	Arlington is an urban county of about 26 square miles located directly across the Potomac River from Washington DC with an estimated population of 198,267 as of January 1, 2005. The population of Arlington is racially, ethnically, and culturally diverse. More than 40% of the residents are Hispanic/Latino, African-American, Asian or multi-racial. Recent article in Washington post indicates that Arlington County is currently loosing Hispanic/Latino residents to other surrounding counties. In June 2006, Arlington County (CPHD) and Freddie Mac announced a public/private collaboration to enhance the current EAH program to residents of Arlington County to include new and innovative special mortgage products, technology to determine borrower's readiness, homebuyer education , financial literacy, and discounts on selected properties from participating residential developers. There are currently 7 major employers participating in the program, however there are many major employers that are located in Arlington County that are not taking advantage of this unique opportunity to address the significant needs of their employees in achieving affordable housing through home ownership in close proximity of their workplace.
Targeted Employers:	Reagan Airport Authority The Nature Conservancy Arlington County Chamber of Commerce E-Trade Bank Washington Capitol Hockey Team
Purpose:	To educate existing Employers on benefits of participating in the initiative To attract new Employers to the initiative To incent new Developers to set aside units for program To re-launch the initiative
Approach:	PANEL OF EXPERTS ON WORKFORCE HOUSING Doug Myrick- Arlington County CPHD Mark Humphries- Allengent Karen Serfis- AHOME Representative From Freddie Mac to describe our EAH program Representative From Virginia Hospital Center to describe their current participation in program Participating Developer Participating Lender