Ada Jobs Foundation

Ada is Home to:

* Chickasaw Nation Headquarters,
* International Headquarters of Pre-Paid Legal Services Inc.,
* OK Council on Law Enforcement Education and Training,
* East Central University,
* EDGE Tech Corp,
* General Aviation Modifications Inc.,
* Pontotoc Technology Center,
* Tornado Alley Turbo, Inc.,
* The US EPA Robert S. Kerr Environmental Research Center, and numerous other businesses and industries.

All of which are proud to call Ada, OK home.

REI partners with Oklahoma businesses to help them attract and retain a quality workforce.

Employer-Assisted Housing (EAH) Incentive

EAH is a housing benefit plan offered by an employer to assist eligible employees with down payment and closing cost for the purchase of a home. The EAH benefit plan will become a part of your employee benefit package. The EAH Incentive is a tool to encourage employers to develop EAH benefit plans by providing matching funds to leverage the financial benefit of the employer. REI has obtained funding for the matching funds. The matching funds cannot exceed $2,500 per family, with a maximum per company based on the number of employees. Matching funds available on first-come, first-serve basis. Example: Company A offers its eligible employees an EAH benefit plan structured with a 3-year forgivable loan of $1,500. REI will match the $1,500 -- now the employee has $3,000 to use toward the purchase of a home.
Each company creates a customized EAH benefit structured to meet the needs of the employee as well as the employer. Any size company is eligible.

Examples of types of benefits:

• Homebuyer education
• Forgivable loan
• Repayable loan
• Grant
• Matched savings plan

Why Develop an EAH Benefit?

• Reduces recruitment, turnover & training costs
• Improves employee loyalty & morale
• Can reduce commute time if employees are encouraged to live closer to work
• Improves bottom line because satisfied workers are more productive
• Sets your business apart as an innovative & progressive leader in the community

How Do I Get Started?

You get started by calling REI at 1-800-658-2823. Request technical assistance from
the EAH partnering agencies to help you get started in developing your company’s EAH benefit package. Services of EAH partnering agencies include:

REI helps you develop your benefit plan and provides matching funds equal to your financial incentive up to $2,500 per family, with a maximum per company based on number of employees. Matching funds available on first come, first-serve basis.
USDA Rural Development offers opportunities for home-ownership through direct and guaranteed loans and provides one-on-one credit counseling to eligible employees.

Employer Assisted Housing Program Brochure (108.58 KB)