August 19, 2022

Black-Owned Fintech Announces Partnership To Help New Orleanians Invest In Real Estate

Black-owned real estate tech startup, Rhove, has announced its new partnership with housing changemakers in New Orleans to promote economic inclusion.

The partnership, which includes Forward Together New Orleans, The Mayor’s Fund, and The Greater New Orleans Housing Alliance (GNOHA), will provide a grant to fund credit to help 2,000 residents invest in commercial real estate using the Rhove app. 

Rhove, founded by Calvin Cooper, is a fintech company designed to empower everyone to invest in and own real estate. The company, located in Ohio, is on a mission to democratize real estate investing and encourage community ownership of real estate properties. 

“Historically, commercial real estate investing has only been accessible to wealthy individuals and institutions,” said Calvin Cooper, Founder, and CEO of Rhove. 

“As we grapple with rising inflation and our growing housing crisis, we realize that it is now more important than ever to provide access to investment opportunities that help people save money and build wealth.” 

Through the app, members can easily invest in the places they live, work, and play for as little as $1. 

Additionally, to expand access and opportunity for New Orleans residents, Rhove and FTNO partnered with GNOHA will select 1,000 recipients for the grant, including seniors, veterans, low-wage workers, low-income families, and those with disabilities. 

Kumba Kpakima

Kumba Kpakima is a reporter at POCIT. A documentary about the knife crime epidemic in the UK got her a nomination for the UK's #30toWatch Young Journalists of the Year.