Pinnacle invests $10M to assistance cost-effective homeownership in Nashville

Ed Henley was a 23-calendar year-old with student personal loan financial debt when he turned

Ed Henley was a 23-calendar year-old with student personal loan financial debt when he turned a Nashville property owner with aid from The Housing Fund‘s Shared Fairness Plan in 2013.

Eight decades later, Henley nevertheless lives in the very same household. He claimed the fiscal balance afforded by his sensible regular property finance loan payment permitted him to discovered and improve his possess Nashville improvement firm

The Shared Equity Program is now launching a 2nd stage, funded by a $10 million investment by Pinnacle Money Associates. The money will supply property loans to reduced- and reasonable-revenue home purchasers in Nashville and Middle Tennessee. 

“I’m living proof of how powerful and enabling a thing like that can be for just one individual and one spouse and children. So the opportunity for The Housing Fund to roll that out … (and) the selection of homeownership opportunities that (investment decision) could facilitate, it could very easily be in the hundreds,” reported Henley, who recently served as co-chair on the Nashville mayor’s Cost-effective Housing Process Force.