Credit union participating in national homeownership campaign
by MBJ Staff
Published: April 5,2013
JACKSON — HOPE (Hope Enterprise Corporation/Hope Credit Union) has helped launch Home Matters, a national movement to build public support for the concept of homeownership.
Home Matters is spearheaded by the National NeighborWorks Association (NNA), a coast-to-coast coalition of housing and community development organizations, other nonprofits, companies and the public at large.
The launch took place in Washington, DC, where HOPE CEO Bill Bynum joined nearly 200 NNA members in meetings with Secretary of Housing and Urban Development Shaun Donovan and a bipartisan group of Senators and Representatives.
According to HOPE, as the program expands, Home Matters will go beyond housing and illuminate the connections between stable housing and other important facets of American life such as:
• Individual Success: Home recharges adults and children alike for the day ahead
• Education: Children in stable homes learn and achieve more in school
• Health: Healthy habits take root more easily in stable affordable homes
• Public Safety: Stable homes make communities safer
• A Strong Economy: Homes that are affordable are crucial to a vibrant job-generating economy
The principals of Wishrock Investment Group (a joint venture between The Wishcamper Companies and Rocky Mountain Development Group) are national developers of affordable housing, have built or rehabilitated more than 12,000 quality low-income residential units, with over 1,200 units in the Mid South.
HOPE serves individuals and markets that are often neglected by mainstream financial institutions. The majority of HOPE’s mortgages made in 2012 were high-impact loans: 77 percent minority borrowers; 57 percent female borrowers; 56 percent low-income borrowers; and, 82 percent first-time homeowners.
HOPE was also involved in the development of more than 617 affordable rental units for low-income families in 2012.
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