Company intelligence
Groverton
Creating access to more affordable housing in support of housing authorities, nonprofits, and their Clients.
About Groverton
An emerging CDFI and veteran founded, Groverton is a tech-enabled finance platform focused on affordable housing. We are reinventing the idea of the American Dream and helping the disadvantaged find a place to call home. Partnering with Groverton offers that chance. Unlike traditional affordable housing, there is no cost to HAs and nonprofits nor does the program require federal subsidies. Groverton recognized the ability to serve the low income community depended on federal appropriations. However, the need for housing far exceeds its availability, and those who seek assistance face long wait lists. Housing assistance programs fall within the federal government's non-defense discretionary portion of the budget and are therefore vulnerable to cuts. That is why we started Groverton.
Verified activity
Signals from Groverton
4 published signals
Research & Knowledge
Groverton published a Monday Review on the Fed's September 15–16 meeting and market reactions to a rate increase above 50%.
Reported by Groverton
Research & Knowledge
Groverton published a Monday Review report showing that non-QM RMBS issuance is on pace for its biggest year since the financial crisis, near $78B YTD
Reported by Groverton
Research & Knowledge
Groverton published a Monday Review report showing that new-home sales fell to a seasonally adjusted 607,000 annual rate in July, down 10.5% from June, and the median new-home price slipped to $393,800
Reported by Groverton
Research & Knowledge
Groverton published a Monday Review report showing that mortgage rates held steady in the mid-6.60s all month
Reported by Groverton