The Value of Partnerships
HOW A STRATEGIC PARTNERSHIP IS OPENING DOORS TO FINANCIAL INCLUSION FOR RESIDENTS OF NHPF COMMUNITIES In 2024, NHPF deepened its commitment to resident well-being through an impactful partnership with Esusu, a leading rent reporting and financial empowerment platform. NHPF and Esusu teamed up in 2022 to bridge the racial wealth gap through the power of rental payment and other financial reporting data. Together, they’re making rent payments count toward building credit—and brighter financial futures—for thousands of residents living in affordable housing communities across the country. Roughly 26 million Americans are considered “credit invisible,” meaning they have no credit history or their credit history is too thin to be scored. Over the past year, more than 3,000 residents across 17 NHPF properties opted into Esusu’s rent reporting program and as a result, 871 residents became credit visible for the first time, with an average starting credit score of 644. On average, participants saw their credit scores increase by 54 points, moving many from subprime to prime lending categories— a shift that can save residents thousands in interest payments over a lifetime. This isn’t just about numbers—it’s about impact. A resident with a subprime credit score might pay over $9,600 in interest on a car loan, compared to just $6,100 for someone with prime credit. That $3,500 difference can mean access to savings, emergency funds, or simply less financial stress. Esusu has also supported NHPF residents in times of crisis, distributing over $214,000 in rent relief, with approved residents receiving an average of $1,500—a critical safety net that helps families stay housed during financial hardship. By embedding financial tools directly into its housing platform, NHPF is proving that affordable housing can be a springboard—not just to stability, but to mobility. The Esusu partnership is a powerful example of how data- driven solutions can foster economic equity, one rent payment at a time.
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