Homewise
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Last updated 9 July 2020, by Impactyield.
Description
The mission of Homewise is to help create successful homeowners so that they improve their financial well-being and contribute to the vitality of our communities. To meet this mission, Homewise offers low-interest, fixed rate home purchase and home improvement loans, and development of affordable housing. Homewise has been engaged in the business of lending since 1986 and has been developing and selling affordable housing since 1994.
The financial challenge for Homewise is securing lending capital. The Homewise Community Investment Note is a promissory note issued by Homewise that helps promote successful home ownership in Santa Fe and Albuquerque, New Mexico. The Notes allow investors to obtain a financial return while their invested dollars make positive social, economic, and environmental impacts in New Mexico communities. The Notes pay an interest rate of between 1% and 4% and can be purchased with terms of 1 to 15 years. Homewise intends to use the proceeds from the Notes to develop new residential property, issue low-interest fixed-rate mortgages, and issue home improvement loans. The minimum investment for the Notes is $1,000, with minimum additional increments of $100.
Incorporation year: 1986
Headquarters location: United States of America
Currency for fund / product figures: USD (US Dollar)
Total firm assets under management: 2000000 USD
Membership and other professional affiliations:
Years top investment professionals have worked together:
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Funds managed by this asset manager
Related people
Cece Derringer
Director of Resource Development and Communications