The Utah Housing Preservation Fund Receives Commitment from Comenity Capital Bank
The Utah Housing Preservation Fund (UHPF) announced today that Comenity Capital Bank, a subsidiary of Bread Financial (NYSE: BFH), has made a 10-year commitment of $10 million to the Fund.
- The Utah Housing Preservation Fund (UHPF) announced today that Comenity Capital Bank, a subsidiary of Bread Financial (NYSE: BFH), has made a 10-year commitment of $10 million to the Fund.
- The Utah Housing Preservation Fund is 'evergreen,' meaning the Funds impact on affordable housing will last for generations, said Lukas Ridd, UHPF Fund Manager.
- Fostering financial wellness is a top priority for Comenity Capital Bank and Bread Financial, and that starts with having stable, affordable housing, said Bruce Bowman, president of Comenity Capital Bank.
- The Utah Housing Preservation Fund aims to preserve the loss of Utahs existing affordable housing through the purchasing, remodeling, and the rent-stabilization of housing units.