Hometap Teams Up with Heading Home to Move Shelter Family Into Housing
Boston, Mass. – July 10, 2019 – Hometap, which provides a smart, new loan alternative for tapping into home equity without taking on debt, announced today that for the second year, it has teamed with Boston nonprofit Heading Home Inc. to sponsor an “Up & Out” day, providing both monetary support and staff to help move a shelter family into permanent housing. The Hometap team will help lead the move for a deserving family to a home in Dorchester on July 12.
Heading Home’s Up & Out program pairs volunteer groups with local homeless families or individuals who are making the big leap from shelter to permanent housing. Volunteers have the opportunity to furnish and decorate a client’s new apartment (even stocking it with groceries), alleviating the financial burden for clients moving into a new space. This full-day, direct service event has a magical combination of pre-planning, active engagement, and meaningful outcomes.
The mission of Heading Home is to end homelessness in Greater Boston by providing a supported pathway to self-sufficiency that begins with a home, together with critical services such as life skills, financial literacy and job training. Annually, Heading Home serves nearly 1,500 homeless people in the greater Boston area, spanning from infancy to elderly, with a majority of its population being young, single mothers with 1-2 young children.
“Hometap is dedicated to making homeownership more accessible and less stressful for as many homeowners and families as possible,” said Hometap founder and CEO Jeffrey Glass. “Partnering with Heading Home on this community service initiative seemed like a natural fit for us. We’re thrilled to be playing a part in this family’s journey.”
Joining Hometap in sponsoring this initiative are two other Boston-area real estate fintech companies: OwnUp and Knox.
“Sponsors like Hometap, OwnUp and Knox make the Up & Out program possible,” said Suzanne Picher, Chief Development Officer for Heading Home. “The difference this program makes for families is monumental – and getting them into their new home is a crucial step.”
About Hometap
Founded in 2017, Hometap is a Boston-based fintech company on a mission to make homeownership less stressful and more accessible. Starting with its industry-leading home equity investment product, the company has helped over 18,000 homeowners across the U.S. access their home equity without having to take on additional monthly payments or sell their home. Hometap expanded its suite of innovative financial products and services in 2022 with the Home Equity Dashboard. This digital platform is designed to help homeowners at every stage of their journey make more informed financial decisions about their home — and take action on those decisions — with confidence. Learn more at hometap.com.
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