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Station Casinos Inc., in a joint effort with housing finance giant Fannie Mae, is rolling out a program to help its workers buy homes in an effort by Station to attract and retain employees.

The announcement came at the same time Fannie Mae, the nation's largest source of financing for home mortgages, and the Henderson Chamber of Commerce announced a partnership to get Henderson-based businesses involved in employer- assisted housing programs.

Valerie Murzl, Station Casinos vice president of human resources, said the company estimates that up to 35 percent of employees do not own homes. The company, which has 10 casinos across the valley, employs about 10,000 people, she said.

Murzl said Station Casinos will hold numerous meetings for employees to let them know about homebuyer programs in the community and put them in contact with lenders. At those meetings Station Casinos executives will survey how many people want to take part in the program.

The company is still evaluating how much money, if any, will be offered to employees who want to buy homes. Murzl said employees would be able to buy homes anywhere in the Las Vegas Valley.

"First we want to get a handle on how many people want to do this," she said.

The Henderson Chamber of Commerce and Fannie Mae announced Thursday they are offering assistance to help employers set up employer-assisted housing programs, similar to the one Station Casinos announced, as a way to recruit and retain employees.

"Even though companies are putting their money into it, they are reducing their turnover costs," said Corie Craig, senior deputy director of Fannie Mae, Nevada Partnership office. "Once somebody gets into a home, they will think twice before changing jobs."

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