What is HomeFree-USA?
Founded in 1994 by Marcia and Jim Griffin, HomeFree-USA is a non-profit organization dedicated to guiding individuals toward achieving and sustaining homeownership. Leveraging Jim Griffin's extensive experience in the mortgage servicing industry, the company addresses the critical issue of default rates among minority borrowers. Over 26 years, HomeFree-USA has expanded its reach to serve 6.3 million consumers nationwide through an intermediary network, effectively connecting government entities, the real estate finance sector, and consumers to foster new homebuyers, sustainable homeownership, affordable housing, and community revitalization.
How much funding has HomeFree-USA raised?
HomeFree-USA has raised a total of $1.4M across 2 funding rounds:
Debt
$150K
Grant
$1.3M
Debt (2020): $150K with participation from PPP
Grant (2024): $1.3M led by Wells Fargo and TD Jakes Foundation
Key Investors in HomeFree-USA
Wells Fargo
Wells Fargo is a leading U.S. financial services firm providing banking, lending, investment, and mortgage solutions. Known for its extensive branch network and diverse product offerings, the company maintains a significant market presence while navigating regulatory and reputational challenges in the evolving financial sector.
TD Jakes Foundation
The T.D. Jakes Foundation is dedicated to empowering individuals and transforming communities by providing access to education, financial inclusion, and community well-being initiatives. Their programs focus on educational access and workforce readiness, financial education, and holistic community transformation. They aim to support underinvested communities and individuals with limited access to resources and opportunities. The foundation seeks partnerships and collaborations to further their mission of creating equitable access and improving lifelong outcomes.
PPP
Public-Private Partnership
What's next for HomeFree-USA?
The substantial enterprise-level funding and recent strategic investment signal a period of accelerated growth and expanded impact for HomeFree-USA. This capital infusion is expected to bolster the organization's capacity to innovate its programs, broaden its national network, and deepen its engagement with underserved communities. The focus on sustainable homeownership and affordable housing aligns with current market demands and governmental priorities, positioning HomeFree-USA to further solidify its role as a key intermediary in the housing finance ecosystem.
See full HomeFree-USA company page
