Quote by Jonathan Needell | Karma January 23, 2020 Buyback programs have implications for real-estate portfolios as well. Many...
Tech Partnership to Focus on Affordable Housing Applicants
March 28, 2022
On both the consumer side, and the business side, the emergence of insuretech, fintech and, of course, proptech is still playing out. How those technologies interface with clients varies – as do their successes or failures.
The key players, per a news release:
- Esusu is a fintech company that reports rent payments to the three major credit bureaus (Equifax, Transunion, and Experian) with the goal of helping renters boost their credit scores and assist property managers with maximizing returns.
- KIMC is a firm that focuses on value-based real estate investments with favorable risk/reward characteristics.
Critical is just how the proptech gets into the realm of fintech and, ultimately, consumer tech.
KIMC launched a new program for its affordable housing communities to help residents improve their credit profiles led by Esusu with the goal of helping renters boost their credit scores. Esusu partners with property owners and housing providers like KIMC to create credit-building opportunities for renters.
Residents who pay their rent on-time will automatically have those payments reported to the top three credit bureaus by Esusu, allowing residents to build their credit at no cost.
As part of a larger initiative announced in November 2021, Esusu is working with Freddie Mac to enable KIMC to bring these rent reporting and credit-building capabilities to 19 of its affordable housing communities.
* The information contained herein is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets.
Affordable housing is historically more stable in a downturn, less volatile and often has better credit quality than class-A....
Customers expect an omni-channel experience, and both online and brick-and-mortar retailers will need to adjust. Quote by Jonathan Needell ...
National Apartment Association September 14, 2022 Everybody wants more affordable housing—these companies make it work. The need for more...
Procter & Gamble became the latest company to announce it will raise its prices in September to respond to higher commodity...
Affordable housing properties just don’t have the scale to attract institutional investors. Quote by Jonathan Needell | GlobeSt.com March...
REBusiness Online August 30, 2022 A joint venture between Rancho Santa Margarita, Calif.-based Kairos Investment Management Co. and Harbor...
Reducing the carbon footprint at its affordable communities and investing in social programs is at the top of KMC’s...