NRHC, Esusu partnership unlocks $10 billion in loans for single-family rental tenants

NRHC, Esusu partnership unlocks $10 billion in loans for single-family rental tenants

“The profound early outcomes serve as a resounding reminder of the prosperity that is possible when we invest in and strengthen our communities,” Esusu co-founders Samir Goel and Wemimo Abbey said in a news release. “This is a win-win-win: for the renter, the owner, and society.”

“NRHC is proud to be at the forefront of this transformative partnership with Esusu,” added NRHC chief executive David Howard. “Together, we are ushering in a new era of financial empowerment…by embracing rent reporting.”

At Invitation Homes, over 190,000 residents are building credit through the program, with over 7,000 establishing a credit history for the first time.

“Our residents appreciate the choice and flexibility offered by a single-family rental home, and the partnerships with Esusu offer tools that can further help realize their financial goals,” said CEO Dallas Tanner.

Progress Residential has seen 53% of participating residents boost their scores since its March 2022 launch, with over 8,000 gaining an initial credit score.

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