Rocket Community Fund donates more than $500,000 to Habitat for Humanity to support housing stability during the COVID-19 pandemic
The recent donation commemorates Rocket Community Fund’s sixth year supporting Habitat’s neighborhood revitalization efforts
ATLANTA (Jan. 15, 2021) — Today the Rocket Community Fund, the philanthropic arm of Rocket Mortgage, the nation’s largest mortgage lender, announced a donation of $545,000 to Habitat for Humanity in support of Habitat’s neighborhood revitalization program, an essential element of the housing nonprofit’s work in the United States. Rocket Community Fund’s contribution will provide local Habitat organizations serving their home cities, Cleveland, Ohio; Phoenix, Arizona; and Charlotte, N.C., with funds to meet the specific housing needs of their communities and help more families recover from the worsened housing crisis and economic turmoil caused by the COVID-19 pandemic.
Habitat for Humanity’s neighborhood revitalization efforts are tailored to local communities and completed in collaboration with community leaders and organizations who have an active presence and role in improving their neighborhoods. Habitat utilizes an outcomes-driven framework, in partnership with residents and others, to understand local conditions and collaboratively develop solutions to improve quality of life. This is the sixth year the Rocket Community Fund is supporting Habitat’s neighborhood revitalization efforts. To date, Rocket Community Fund has donated over $3 million to Habitat to support communities through this program.
“We believe that every American should have access to a healthy, stable home,” said Laura Grannemann, vice president of strategic investments for the Rocket Community Fund. “COVID-19 has impacted all of us, but those without the foundation of a home are particularly vulnerable to the turbulence of this time. Through our partnership with Habitat for Humanity, we are proud to build access to the economic opportunity and resiliency that comes with homeownership.”
Even before the spread of the COVID-19 virus, more than 18 million families in the U.S. were already paying half or more of their income on housing. Now, with multiplied unemployment rates and significant decreases in household incomes, millions of families are faced with impossible choices between trying to pay their rent or mortgage and other essential bills. The Rocket Community Fund’s donation will help Habitat partner with more families to achieve and maintain housing stability during and after the pandemic.
“The COVID-19 pandemic required us to find alternative ways to continue serving families, and we were reassured by the Rocket Community Fund’s response to help us do so,” said Tawkiyah Jordan, senior director of housing and community strategy at Habitat for Humanity International. “Together, we partnered with residents to co-create targeted responses that address urgent housing needs in three key communities. Rocket Community Fund’s contributions have been significant in furthering our mission by helping provide families with the peace of mind homeownership brings.”
About Habitat for Humanity
Driven by the vision that everyone needs a decent place to live, Habitat for Humanity began in 1976 as a grassroots effort on a community farm in southern Georgia. The Christian housing organization has since grown to become a leading global nonprofit working in local communities across all 50 states in the U.S. and in more than 70 countries. Families and individuals in need of a hand up partner with Habitat for Humanity to build or improve a place they can call home. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. Through shelter, we empower. To learn more, visit habitat.org.
About Quicken Loans/Rocket Mortgage
Detroit-based Quicken Loans, the nation’s largest home mortgage lender, enables the American Dream of homeownership and financial freedom through its obsession with an industry-leading, digital-driven client experience. The company closed $145 billion dollars of mortgage volume across all 50 states in 2019. In late 2015, Quicken Loans introduced Rocket Mortgage, the first fully digital mortgage experience. Currently, 98% of all home loans originated by Quicken Loans utilize Rocket Mortgage Technology.
Quicken Loans moved its headquarters to downtown Detroit in 2010. Today, Quicken Loans and Rocket Companies employ more than 22,000 full-time team members nationwide. The company generates loan production from web centers located in Detroit, Cleveland and Phoenix and operates a centralized loan processing facility in Detroit. Quicken Loans ranked highest in the country for customer satisfaction for primary mortgage origination by J.D. Power for 11 consecutive years, 2010 – 2020, and also ranked highest in the country for customer satisfaction among all mortgage servicers seven consecutive years, 2014 – 2020.
Quicken Loans was once again named to FORTUNE magazine’s “100 Best Companies to Work For” list in 2019 and has been included in the magazine’s top third of companies named to the list for the past 17 consecutive years. In addition, Essence Magazine named Quicken Loans “No. 1 Place to Work in the Country for African Americans.”
For more information and company news visit QuickenLoans.com/press-room.