💡Investee Spotlight: the Federation of Appalachian Housing Enterprises (Fahe) When rural and Native communities thrive, our country thrives: our economy is more successful, our culture more vibrant, and our future brighter. Homeownership is the key to this success. This National Homeownership Month, we’re showcasing Fahe—an RWJF borrower working to support homebuyers with low incomes across Appalachia. Having already supported 524 households in securing a home, Fahe is expanding the secondary mortgage market—which lowers downpayment requirements and reduces overall mortgage expenses—to charter a path toward widespread change in the real estate system for rural families looking to unlock the wealth and health benefits of homeownership. Alongside an affordable housing crisis in the U.S., Fahe’s efforts to demonstrate the creditworthiness of these low-cost mortgages couldn’t be more crucial. Learn more by following the link in their post below 👇👇
Financial inclusion matters. BIPOC communities need access to mortgage products. Fahe partners with Rural Community Assistance Corporation (RCAC) and Oweesta Corporation to expand access, and increase the capacity and capital of organizations that serve these communities. https://lnkd.in/g6yy-BFi #HomeownershipMonth #WeareFahe
