New Home Co. Offers New Award Plan for Employees

IRVINE, Calif.--(BUSINESS WIRE)--New Home Co. (New Home) is pleased to announce today that it has introduced a new award plan for its employees.

New Home Co.’s Broad-based Employee Award Plan (BEAP) provides eligible team members with an opportunity to participate in the long-term growth and success of New Home, offering cash rewards to plan participants based on the increase in the equity valuation of the company over time.

“The strength of our company is built upon hundreds of hardworking, valuable, and dedicated team members who are the foundation of our organization,” said Matthew R. Zaist, President & CEO of New Home Co. “We are establishing the New Home Broad-based Employee Award Plan to recognize and reward the contributions of the employees in our New Home family.”

The Plan is provided at no cost and will give all eligible team members the opportunity to benefit from the valuation appreciation of the Company. The Plan is designed to recognize the contributions the New Home team has made to the growth of the company and is another employee benefit that differentiates and makes New Home a top employer of choice.

“We continue to be excited about the long-term growth opportunities at New Home Co.,” said Peter Sinensky, Partner at Apollo. “The New Home Broad-based Employee Award Plan demonstrates the company’s commitment to its employees and continued focus on becoming a best-in-class builder. Homebuilding is a people business at its core and the plan speaks to the value we place on talent and the role they will play in the growth of the business in the years to come.”

To learn more about New Home and the benefits it offers, visit https://www.newhomeco.com/careers.

About New Home Co.

New Home Co. is a western regional builder and real estate development company headquartered in Irvine, Calif. It has divisions within select growth markets in California, Arizona, Colorado, Oregon, and Washington. New Home Co. is one of most awarded homebuilders in the United States. It was named 2019 Builder of the Year by Professional Builder and is a multi-year recipient of “The Eliant” for providing the Best Overall Customer Experience in North America in the Eliant Homebuyers’ Choice Awards. New Home Co. has won hundreds of awards in the homebuilding industry for its design and planning excellence, dozens of “Community of the Year” awards, and was recognized five straight years for creating the best community or master plan in all the United States. For more information, visit NewHomeCo.com.