SC Telco Federal Credit Union has joined forces with Homes of Hope by providing $50,000 in low-interest equity funding to support Homes of Hope’s Affordable Housing Programs.
“The affordable housing shortage in the Upstate is at new highs, especially as home prices and rental rates continue to rise.” says SC Telco CEO Steve Harkins. “When Homes of Hope reached out with the opportunity to help, our team knew immediately this was an effort we needed to be a part of. It’s a living extension of our core cooperative spirit – people helping people in the communities we serve.”
Both organizations share a similar mission to improve the financial lives of Upstate community members – breaking the cycles of generational and situational poverty. Financial stability begins with a place to call home. Once an individual or family becomes part of Homes for Hope’s housing program, they will also receive financial training in the 3 B’s – banking, budgeting and building assets.
In the words of Homes of Hope President/CEO Don Oglesby, “Our hope is that through this work, people can begin to dream again, and we can rebuild communities with the aim of generational change.”
About Homes of Hope
Homes of Hope has been a staple in the Upstate community for the last 20 years, fulfilling a dream to provide families in poverty with a place to call home. To date, Homes of Hope has developed 614 homes.
Learn more at homesofhope.org.