Impact

Equifax Supports Philadelphia-Based Project HOME Housing Initiative

November 01, 2023

THE EQUIFAX MORTGAGE & HOUSING TEAM RECENTLY PARTNERED with Project HOME, a Philadelphia-based non-profit organization whose mission is to empower adults, children, and families to break the cycle of homelessness and poverty and alleviate the underlying causes of poverty.¹ While attending the 2023 Mortgage Bankers Association (MBA) Annual Convention & Expo earlier this month, the team made a monetary donation as well as provided a collection of heavy jackets, hats, gloves and socks – critical items for the upcoming winter season.

“Project HOME’s mission to help individuals live up to their full potential aligns perfectly with our commitment to provide financially-inclusive opportunities that move people forward,” said Craig Crabtree, senior vice president, and general manager, of Equifax Mortgage & Housing. “This donation is just another way that we’re supporting financial inclusion, contributing specifically to underserved populations so that they may have the same opportunities to benefit and succeed as anyone else.” 

The donation will support Project HOME’s housing initiative, contributing specifically to the Service Operating Reserve at the Gloria Casarez Residence and the capital gap at the Maguire Residence.

The Gloria Casarez Residence (GCR) provides 30 LGBTQ-friendly permanent, affordable homes for young adults (ages 18-23 at entry) who are homeless, have experienced homelessness, or are at risk of homelessness, including those aging out of foster care. The Maguire Residence provides safe, recovery-oriented housing in the epicenter of the opioid crisis in the Kensington neighborhood in Philadelphia. Maguire offers 42 homes for individuals who have experienced homelessness and are committed to recover.²

"For decades, we have been committed to empowering our unsheltered neighbors through housing, employment opportunities, education, and medical care,” said Sister Mary Scullion, Project HOME’s Co-Founder and Executive Director. “This work wouldn’t be possible without the leadership and partnership of our friends at Equifax.” 

Everywhere we do business, Equifax is committed to enabling the inclusive financial opportunities that move people forward. In May, Equifax signed the Mortgage Bankers Association (MBA) Home for All Pledge, which supports working toward a more inclusive and equitable industry that expands homeownership to underserved communities.

Additionally, Equifax is the first Nationwide Credit Reporting Agency (NCRA) to offer telecommunications (telco), pay TV and utilities attributes to the mortgage industry, alongside its traditional mortgage credit report. The use of these differentiated data sets gives a fuller picture of consumers’ financial profiles, potentially enabling over 191 million American consumers, 80% of whom have traditional credit files but may benefit from additional insights into their financial profile, to have greater opportunities for homeownership and creating generational wealth. 

To learn more about how Equifax is supporting financially inclusive lending in the mortgage industry, visit Equifax.com/mortgage.

 

1 https://www.projecthome.org/about

2 https://www.projecthome.org/locations