LRC Asset Management announced that its partner, Nehemiah Community Reinvestment Fund (NCRF), a non-profit, federally-certified community development financial institution (CDFI) has donated its first home to a widowed Army veteran through its Roofs for Troops program. Kira Ortega and her two-year-old son Caleb were honored at a Carolina Panthers football game halftime presentation, where they were presented keys to their new home in time for the holiday season.
LRC Asset Management, a nationwide asset disposition firm known for its proprietary RealtyRecon management services, joined forces with NCRF in January to manage properties held by the nonprofit, an organization that provides homeownership opportunities to low to moderate income, first-time, and veteran and military homebuyers. The home donation was made possible through NCRFs Roofs for Troops program, a program designed to help our nation's veterans by providing affordable homes.
“We are committed to helping our communities and those who serve,” said Ty Reed, managing partner of LRC Asset Management. “We are thrilled that Kira and Caleb now have a home to call their own.”
Through its Roofs for Troops program, NCRF works with financial institutions to acquire and renovate foreclosed properties into housing for veterans. This particular donation was made possible through a partnership between NCRF, Bank of America and the National Community Stabilization Trust. LRC Asset Management supports the program by facilitating the listing and sale of these homes. The new program hopes to grow rapidly through partnerships with financial institutions like Bank of America to give veterans a competitive advantage in the marketplace, while stabilizing communities.
“Our goal is to create programs and services that assist the homebuyer community that are so often overlooked, including low-income families, first-time homebuyers and veterans,” said Nicole Learned, operations manager for Nehemiah. “We want to honor Kira and the sacrifice she and her late husband made to our country and through this donation award, Kira and her son will gain some extra stability and security to have a new start in life.”
“Military veterans have sacrificed so much for our freedom,” said Damien Chiodo, managing partner at LRC. “The Roofs for Troops program gives us an opportunity to say thank you to our nation’s heroes.”