What is REBOUND?
REBOUND is dedicated to fostering community development and improving the quality of life for low-income and vulnerable families through the provision of affordable housing opportunities and comprehensive homeownership education. With a legacy spanning over three decades, the organization actively engages in neighborhood revitalization initiatives and works to bridge the Racial Wealth Gap by implementing sustainable housing solutions. Their services extend to offering crucial counseling for prospective homebuyers and forging strategic partnerships with entities such as the Louisville Urban League to streamline the homebuying journey for marginalized communities.
How much funding has REBOUND raised?
REBOUND has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for REBOUND?
The substantial backing REBOUND has received, particularly the recent strategic investment, positions the organization for significant expansion in its mission-driven endeavors. This capital infusion is expected to bolster its capacity to develop and provide more affordable housing units, enhance its educational programs, and deepen its impact on neighborhood revitalization. As a late-stage organization, this funding will likely fuel further scaling of operations, enabling REBOUND to reach a broader demographic and solidify its commitment to closing the Racial Wealth Gap through sustainable housing solutions.
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