George Fatheree III, a history-making attorney turned social impact entrepreneur, has launched ORO Impact, a social impact fintech company, a revolutionary down payment assistance (DPA) platform that aims to transform homeownership throughout the United States. Fatheree is most notably recognized for securing the 2022 landmark return of the Bruce’s Beach property, an African-American beach resort in Manhattan Beach, California – marking the first time in U.S. history that the government has returned property taken by racially motivated eminent domain.
His newest venture, ORO Impact, is a customizable platform makes it easy for employers to make loans to their employees, which the employees can use to make down payments on homes, and realize the dream of homeownership while providing a high-impact retention incentive for employers.As the 401(k) plan revolutionized retirement savings – offered today to 69% of private sector employees and 92% of government employees – ORO Impact aims to do the same for homeownership.
ORO Impact addresses two national challenges: down payment affordability has put homeownership out of reach for many Americans, and employee tenure is at record lows as employers struggle to attract and retain employees.
Read the source article at Black News
