Wednesday, February 22, 2012

Bank and Non-Profit Unite to Provide Homes to Service Members

Operation Homefront, a non-profit which assists families of service members, partnered with Chase to place at least 100 Wounded Warriors, military, and veteran families into permanent residences this year through the Homes on the Homefront program.

Chase is providing the homes, and Operation Homefront will provide ongoing transitional services to the families until properties are deeded to the recipients.
“These individuals have made tremendous sacrifices for our nation, and as they move back into civilian life in a tough economic environment, we hope that a mortgage-free home will make that transition a little easier,” said JPMorgan Chase CEO of mortgage banking Frank Bisignano in a release.
Operation Homefront and Chase will match families served by the non-profit with homes in the bank’s inventory. In order to be an eligible applicant, one must be on active duty, the Guard or Reserve, or have been honorably discharged; one must not own a home; and one must be financially capable of sustaining a home.
Special priority will also be given to families who already live at an Operation Homefront Village, Wounded Warriors, surviving single spouses of those killed in action, and post 9/11 disabled veterans.
“Chase’s imaginative, nation-wide approach to providing quality homes to deserving service members and their families will make a huge difference in how these heroes can make that difficult transition and adjustment into productive civilian lives,” said CEO of Operation Homefront Jim Knotts.
Military families can apply for the program online. A veteran of any era can apply.

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