Comenity Bank and Bread Financial® amplify community partnership with Homeport
COLUMBUS, Ohio (Dec. 6, 2023) — Comenity Bank, a subsidiary of Bread Financial™, today announced it has granted $390,000 to Homeport, a non-profit organization dedicated to creating strong communities by developing quality, affordable homes on a cornerstone of dignity, security and opportunity. This grant is in addition to a previous $1.5 million long-term investment by the bank and will support Homeport’s affordable housing initiatives in Central Ohio.
Homeport provided assistance to nearly 8,000 people in 2022, with children or seniors making up more than half of that number. It is committed to closing the housing gap for low-to-moderate income individuals, families and seniors with the funds from Comenity Bank allowing Homeport to continue the development of Easton Place Homes in the Easton area and Mulby Place in Downtown Linden.
“Comenity Bank and Bread Financial understand a key component of a family's overall financial well-being starts with stable and affordable housing,” said Baron Schlachter, president of Comenity Bank. “We’re proud to continue our partnership with Homeport and place an emphasis on helping those in need find housing that creates stability and a lasting impact.”
Comenity Bank and Bread Financial understand a key component of a family's overall financial well-being starts with stable and affordable housing. We’re proud to continue our partnership with Homeport and place an emphasis on helping those in need find housing that creates stability and a lasting impact."
Baron Schlachter - President, Comenity Bank
“Partnerships with companies like Comenity Bank are what make our work possible. With their investment, we are adding 300 affordable homes to the region, empowering individuals, families, and seniors in our area to find stability and independence,” said Leah Evans, president and CEO of Homeport. Together, we are advancing Homeport’s mission to close the housing gap in Central Ohio.”
About Bread Financial™
Bread Financial™ (NYSE: BFH) is a tech-forward financial services company providing simple, personalized payment, lending and saving solutions. The company creates opportunities for its customers and partners through digitally enabled choices that offer ease, empowerment, financial flexibility and exceptional customer experiences. Driven by a digital-first approach, data insights and white-label technology, Bread Financial delivers growth for its partners through a comprehensive suite of payment solutions that includes private label and co-brand credit cards and Bread Pay™ buy now, pay later products. Bread Financial also offers direct-to-consumer products that give customers more access, choice and freedom through its branded Bread Cashback™ American Express® Credit Card and Bread Savings™ products.
Headquartered in Columbus, Ohio, Bread Financial is powered by its 7,500+ global associates and is committed to sustainable business practices. To learn more about Bread Financial, visit breadfinancial.com or follow us on Facebook, LinkedIn, Twitter and Instagram.
About Homeport
Homeport is the largest locally focused nonprofit developer of affordable housing in Central Ohio. Having served the area since 1987, Homeport owns 2,799 affordable rental apartments and homes in 44 communities. Its 6,430 residents, families and seniors, can access a broad range of services ranging from after school programming to emergency assistance for rent and utilities. Homeport partnerships also link its residents to food, furniture and employment assistance as well as medical and mental health services. Homeport is a leading provider of homebuyer education and budget and credit counseling for Central Ohio.
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