Retail lender Movement Mortgage has invested $200 million to expand its nonprofit Movement Foundation, and to accelerate the development of its growing charter school network.
The investment will also aide in the development of adjacent affordable housing and health clinics in Central America, the company said in a statement this week.
Movement Foundation uses dividends from the mortgage company for affordable housing and related projects to support community stability through homeownership. As the majority shareholder of Movement Mortgage, the Christian foundation will receive the $200 million payment as a year-end dividend.
“By investing in education and community development, we’re building details ⇒
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