San Antonio, Texas, November 11, 2021 - In commemoration of Veterans Day, Operation Homefront is honored to announce that JPMorgan Chase is continuing their 10- year history of support for military and veteran housing with a pivotal contribution of $400,000 and the donation of fourteen homes for Operation Homefront’s Permanent Homes for Veterans (PHV) program. As a founding partner of JPMorgan Chase’s 1,000 “Homes for Veterans” initiative, Operation Homefront has awarded more than 515 Chase homes to veteran families across the country.
“I can't begin to express my gratitude to the entire Chase
team for helping us help hundreds of military families realize the dream of
home ownership,” said Brig. Gen. (ret.) John I. Pray Jr., President and CEO of
Operation Homefront. “Their major investment in our important work this
Veterans Day will allow us to help many more military families secure stable
housing and as a direct result, have the opportunity to thrive, not simply
struggle to get by, in the communities -- OUR communities -- they have worked
so hard to protect.”
Operation Homefront, whose mission is to build strong, stable, and secure military families, prides itself on being an outcomes-based organization with measurable results. This $400,000 investment will positively impact the lives of at least 14 veteran families through their Permanent Homes for Veterans (PHV) program.
“We launched our Military and Veteran Affairs program, along
with our commitment to donate 1,000 homes to veterans 10 years ago,” said
Cerita Battles, Head of Community and Affordable Lending at Chase. “We’ve long
since beat that goal, and have enjoyed the partnership with Operation Homefront
over the years to help get veterans into permanent homes. We view this funding
as a reinvigoration of our commitment to veterans and we couldn’t be more
excited to continue this important work.”
Operation Homefront’s PHV program prepares veterans and
their families for home ownership by providing a mortgage-free home and the
opportunity to work directly with Operation Homefront caseworkers and financial
counselors and to learn how to prepare for homeownership. With this funding,
Operation Homefront will ensure that program participants will work with their
designated case worker to receive invaluable financial counseling, develop
individual home ownership plans, and increase their savings.
Since the program began in 2012, over 700 families have
entered the PHV program. Of that group, more than 625 families have graduated
from the program so far and have been deeded their home, mortgage-free,
creating more than $92 million in generational equity. The overall impact of
Operation Homefront’s housing programs has been impressive, helping military
families enjoy the stability and security they need to thrive in their
communities, establish roots and make memories for years to come.
In addition, the Chase investment may be used to support
Operation Homefront’s Transitional Homes for Veterans (THV) program. The THV
program provides a gateway to stability for transitioning veterans and their
families. The program supports veterans who are willing and able to work
towards self-sufficiency by providing temporary, rent-free housing and other
support services including a caseworker to guide preparation for home
ownership, financial education, transition planning, employment coaching and
referrals to outside sources. Each family selected for the program lives in the
home for two to three years with each home impacting multiple families over the
course of 15 years. The program, which launched in 2018, currently has 21 homes
nationwide with five families successfully completing the program and
purchasing their own homes.
About Operation Homefront
Founded in 2002, Operation Homefront is a national nonprofit organization whose
mission is to build strong, stable, and secure military families so that they
can thrive – not simply struggle to get by – in the communities they have
worked so hard to protect. Recognized for superior performance by leading
independent charity oversight groups, 90 percent of Operation Homefront
expenditures go directly to programs that support tens of thousands of military
families each year. Operation Homefront provides critical financial assistance,
transitional and permanent housing and family support services to prevent
short-term needs from turning into chronic, long-term struggles. Thanks to the
generosity of our donors and the support from thousands of volunteers,
Operation Homefront proudly serves America’s military families. For more
information, visit OperationHomefront.org.
About JPMorgan Chase:
JPMorgan Chase, a leading global financial services firm with assets of $3.8 trillion
and operations worldwide, has supported our veterans since before World War I.
Since establishing the Office of Military and Veterans Affairs in 2011, the
firm has hired more than 16,000 veterans; facilitated more than 750,000 veteran
hires through the Veteran Jobs Mission coalition; awarded more than 1,050
mortgage-free homes to military families in need; and helped nearly 50,000
participants enroll in Onward to Opportunity, a free career training program of
the Institute for Veterans and Military Families, which was co-founded and is
supported by JPMorgan Chase and Syracuse University. Learn more at: http://www.jpmorganchase.com/veterans.
Media Contact:
Erin Burgy
Operation
Homefront
Phone: (469) 934-7131
Email: info@operationhomefront.org