Vicki Tassan - E*Trade Bea Stotzer - New Economics for Women
Hala Farid - Citi Community Development Kevin Smith - United Way
Lot Diaz - UnidosUS
HHI has created homeownership for 718 low-to-medium income families and have a portfolio of 77 rental properties available and/or rented to income qualified families/individuals. Having 140 properties in rehab process and 76 listed for sale, we try to acquire approximately 12 properties per month.
Hogar Community Reinvestment (HCR) is an LLC formed by HHI in 2011 to acquire distressed REO in under-served communities in order to restore housing values, renovate for sale, or lease to qualified families/individuals. Together with our capital partners, HCR has positively impacted over 2,000 homes and families.
Second Opportunity of America (SOA) is an LLC formed by HHI in 2013 with the purpose of purchasing distressed mortgages. With limited public funding, HHI strives to provide the highest quality service to distressed borrowers and new homeowners/tenants. Socially minded private investors have helped us deliver these services.
We've got a new program in Puerto Rico similar to our REO and NPL programs in mainland U.S. but offers more favorable risk/reward profiles from both a monetary and impact standpoint.
HHI has recently established a local presence in Puerto Rico along with retaining local employees and partnerships.