How Much Did HomeFree-USA Raise?
Funding & Key Investors

HomeFree-USA has solidified its position as a critical intermediary in the American housing market, securing a total capital infusion of $1.4M. This trajectory of financial support, highlighted by a recent strategic investment of $1.3M, underscores the organization's enduring commitment to addressing systemic disparities in homeownership. By aligning with major financial institutions and philanthropic foundations, the company continues to scale its national network, effectively bridging the gap between government resources, the real estate finance sector, and diverse consumer populations.

The organization's growth trajectory reflects a transition from grassroots advocacy to a major enterprise-level operation. With a history of securing both debt financing and significant grants, HomeFree-USA has demonstrated a robust capacity to manage complex capital structures while maintaining its core mission of fostering sustainable homeownership and revitalizing communities across the United States.

What is HomeFree-USA?

HomeFree-USA
OrganizationsNon-Profit & Charitable Organizations

Founded in 1994 by Marcia and Jim Griffin, HomeFree-USA operates as a national intermediary dedicated to closing the homeownership gap, particularly for underserved communities. The company serves as a vital conduit, connecting 6.3 million consumers with the necessary guidance to achieve and sustain homeownership. By leveraging a vast network of mortgage servicers and financial partners, HomeFree-USA addresses the root causes of default and financial instability among borrowers of color. Its market position is unique, functioning at the intersection of public policy, private sector mortgage finance, and community-based advocacy, thereby creating a sustainable ecosystem for affordable housing and long-term wealth creation.

How much funding has HomeFree-USA raised?

HomeFree-USA has raised a total of $1.4M across 2 funding rounds:

2020

Debt

$150K

2024

Grant

$1.3M

Debt (2020): $150K with participation from PPP

Grant (2024): $1.3M led by TD Jakes Foundation and Wells Fargo

Key Investors in HomeFree-USA

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.

Wells Fargo

Wells Fargo is a leading U.S. financial services firm providing banking, lending, investment, and mortgage solutions with a significant market presence.

PPP

Public-Private Partnership

What's next for HomeFree-USA?

With the recent influx of capital, HomeFree-USA is well-positioned to expand its digital infrastructure and broaden its national intermediary network. The strategic focus will likely shift toward enhancing technological solutions for mortgage readiness and scaling its educational programs to reach a wider demographic. By deepening its partnerships with major financial institutions, the company aims to institutionalize its homeownership models, ensuring that equitable access to credit and housing remains a priority in the evolving real estate finance landscape. Future initiatives will likely prioritize data-driven community revitalization projects and the expansion of its workforce readiness programs to support long-term homeowner sustainability.

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Frequently Asked Questions Regarding HomeFree-USA Financial Insights

What are the most recent funding rounds that HomeFree-USA has completed, and what were the funding rounds?
HomeFree-USA has recently completed 2 funding rounds: Grant on Feb 6, 2024, Debt on May 23, 2020.
What is the total amount of funding HomeFree-USA has raised to date?
HomeFree-USA has raised a total of $1.4M in funding to date.
How many funding rounds has HomeFree-USA completed?
HomeFree-USA has completed 2 funding rounds.
How much funding did HomeFree-USA raise in its most recent funding round?
HomeFree-USA raised $1.3M in its most recent funding round.
Who are the lead investors in HomeFree-USA's latest funding round?
The lead investor in HomeFree-USA's latest funding round was TD Jakes Foundation. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in HomeFree-USA's history?
The largest funding round in HomeFree-USA's history was $1.3M.
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