August 02 2017
The Promise Homes Company joins Operation HOPE as ‘Powered By’ Member
ATLANTA – Aug. 2, 2017 – Global financial dignity and economic empowerment nonprofit Operation HOPE, Inc. announced today that The Promise Homes Company has committed to an annual membership. The Promise Homes Company, a newly-formed single-family residential rental property asset manager, is centered around the long-term acquisition, rental and scaled management of a national portfolio of renovated homes in undervalued and vibrant communities, with a focus on the Southeast. The first acquisition includes $22 million in capital committed within the greater Atlanta area.
“We are pleased to have The Promise Homes Company as an Operation HOPE member,” said Anita Ward, executive vice president and Chief Transformation Officer. “The ongoing impact of the work of HOPE is dependent upon the support of our members, strategic partners and key stakeholders.”
Founded by prominent entrepreneur, and founder, chairman and CEO of Operation HOPE, John Hope Bryant, The Promise Homes Company has established an innovative business model that provides residents with quality housing at affordable prices, free financial and economic support services through Operation HOPE, as well as a well-defined path to home ownership. Additionally, the company partners with local, minority-owned small businesses to provide property maintenance services for its homes, thereby supporting local job creation.
About Operation HOPE
Since 1992, Operation HOPE has been moving America from civil rights to "silver rights" with the mission of making free enterprise and capitalism work for the underserved. Through its core programs, the nonprofit has provided financial dignity and economic empowerment to over 2.8 million individuals worldwide, and $2 billion in economic activity for the disenfranchised—turning check cashing customers into banking customers, renters into homeowners, small business dreamers into small business owners and minimum wage workers into living wage consumers. Project 5117 is HOPE’s multi-year four-pronged approach to combating economic inequality that aims to improve financial literacy, increase business role models and business internships for youth, and stabilize the American dream by boosting credit scores. Operation HOPE recently received its third consecutive 4-star charity rating for fiscal management and commitment to transparency and accountability by the prestigious non-profit evaluator, Charity Navigator—further establishing it as a best-in-class organization.
For more information: www.OperationHOPE.org
Follow Operation HOPE on Twitter @operationhope