October 18, 2021 –
Homewise Releases 2021 Annual Report
Homewise, a nonprofit organization that creates successful homeowners and strengthens neighborhoods, has released its 2021 Annual Report.
“Homewise encounters new challenges every year but Fiscal Year 2021 was certainly unique in that regard,” says Mike Loftin, Chief Executive Officer. “Over this past year, we remained flexible and adaptable as we continued to focus on achieving our mission in an impactful and organizationally sustainable way in this ever-changing environment. What began as a quick pivot to delivering our programs and services remotely, evolved into the need to respond to changing economic and market conditions with innovative new programs, services and assistance for our clients,” he says.
With mortgage rates at historic lows, and many families looking for ways to save money, Homewise saw an opportunity to help many of our clients refinance their current mortgage to reduce their monthly payment. They quickly dedicated more staff and increased outreach efforts to meet the demand and provide our clients with the highest level of service, even in a remote-working environment.
These are just a few of the challenges confronted and successes achieved in the last year. Take a deeper dive into the report and learn more about Homewise’s growth and the lessons during this unprecedented time by visiting https://2021annualreport.homewise.org/.
Homewise is a New Mexico-based nonprofit Community Development Financial Institution (CDFI) founded in 1986. Its mission is to help create successful homeowners and strengthen neighborhoods so that individuals and families can improve their long-term financial wellbeing and quality of life. Homewise services include financial literacy education and coaching, real estate services, affordable mortgage lending and down payment assistance, loan servicing, refinance and home improvement lending. Homewise strengthen neighborhoods by increasing homeownership through real estate development, property rehabilitation, and revitalizing communities to benefit existing residents. Since Homewise was founded in 1986, over 17,000 New Mexicans have attended our financial capability and homebuyer education workshops. During that time, Homewise has helped over 5,600 New Mexicans purchase homes, over 2,300 make energy efficient home improvements, and more than 800 refinance their mortgages. Homewise has also built over 800 high quality, energy efficient and affordable homes. To learn more, visit www.homewise.org