#United States #Farmington Hills, Michigan #BEVEL #Michigan Chamber #Employee Benefit

BEVEL Launches Homeownership Program for Michigan Employees

In a progressive move towards workforce support, the MI Chamber Partnership Program has introduced BEVEL, a no-cost resource aimed at enhancing employee homeownership opportunities. This initiative, aimed at local organizations and their employees, reflects a commitment to addressing the growing concern over housing affordability in Michigan.

Enhancing Workforce Stability

According to the Michigan Chamber of Commerce, attracting and retaining talented professionals is an ongoing challenge for businesses throughout the state. The partnership with BEVEL provides participating members with a vital tool that addresses this issue by offering an innovative employee benefit that simplifies the process of homeownership. As TJ Theisen, President and CEO at BEVEL, explains, this program is about empowering organizations to elevate their talent strategies while contributing to the financial well-being of workers and their families.

The benefit is particularly suitable for employers who recognize the importance of housing stability in fostering a committed workforce. The idea is simple: when employees can achieve their dream of homeownership, it not only boosts their financial health but also enhances their loyalty and productivity levels in the workplace.

Features of the BEVEL Program

The BEVEL program comes equipped with a myriad of features designed to ease the pathways to homeownership:

• - No Cost to Participants: One of the most appealing aspects is that neither employees nor employers face any fees for utilizing BEVEL's services, making it accessible for all participants.
• - Nationwide Professional Network: Employees gain access to a comprehensive network of top-tier lenders and real estate experts, ensuring that they receive the best possible advice and support throughout their homeownership journey.
• - Diverse Loan Options: The program offers a range of tailored loan solutions to cater to various financial situations, providing flexibility for employees at different life stages.
• - Closing Cost Credits: Participants can benefit from closing cost credits of up to $12,000 per transaction, significantly easing the financial burden associated with purchasing a home.
• - Comprehensive Support Services: Assistance is available not only for buying new homes but also for selling existing properties, refinancing, relocating—and even for those considering investment properties.

Broader Implications for Michigan's Economy

By addressing housing affordability, BEVEL’s benefit does more than just assist individual employees; it plays an integral role in the broader scope of Michigan's economic health. Bob Thomas, COO of the Michigan Chamber of Commerce, notes that making BEVEL’s services accessible expands the available resources for local businesses, enabling them to create a more stable workforce. This connection between affordable housing and a productive labor force is crucial for the growth and sustainability of the state's economy.

As businesses continue to grapple with workforce challenges, the introduction of BEVEL through the Michigan Chamber Partnership Program is a timely reminder of the importance of holistic employee benefits. By investing in homeownership resources, employers demonstrate a commitment to their workforce that can yield dividends in the form of loyalty, productivity, and community engagement.

How to Get Involved

Local chambers and Michigan-based businesses interested in exploring the BEVEL offering further can visit the Michigan Chamber Partnership Program's website. By providing employees with access to this pioneering homeownership resource, companies can take significant strides towards strengthening their workplace culture and retaining top talent. Together, they can build a stronger Michigan where homeownership is an attainable goal for all workers.

In conclusion, the BEVEL program is not only a win for employees but for employers looking to fortify their workforce in a competitive economy. The collaborative nature of this initiative symbolizes a promising path forward in addressing one of the most pressing issues facing Michigan today—affordable housing and true workforce empowerment.