NEF is thrilled to announce that we have made an investment in Esusu, a leading financial technology company that leverages rent reporting for credit building. This collaboration is a milestone for NEF as our first strategic technology investment in the community development and affordable housing space.
The Esusu platform reports on-time rental payments to credit bureaus, which can be a game-changer in the affordable housing industry as it provides an equitable solution to improve the credit scores and overall quality of life of residents at NEF developments.
Additionally, social impact metrics will allow landlords and lenders to examine and proactively address issues, ensuring that less evictions occur, and more communities can be uplifted through housing stability.
While this is only the first phase of this partnership, we cannot wait to see what the future holds!
Read more here.