LadderUp Housing announced on Thursday that it received an investment from the Richard King Mellon Foundation to expand its rent-to-homeownership model into Allegheny and Westmoreland counties in Pennsylvania.

The company said the funding will support the acquisition and renovation of homes aimed at helping low- to moderate-income families transition from renting to owning through financial coaching and mortgage-readiness programs.

Founded as a mission-driven housing company, LadderUp purchases, renovates and constructs single-family homes in markets with aging but relatively affordable housing stock. The homes are rented to families who may not yet qualify for a traditional mortgage.

During the rental period, tenants details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com