Rural Enterprises of Oklahoma, Inc. is a nonprofit organization that has provided one AFI grant since 2006, with the objective of creating assets for low-income workers, improving their living conditions, creating a sense of stability for workers and their families, increasing individuals’ commitments to their employers, and improving overall job retention.
Rural Enterprises of Oklahoma, Inc. emphasizes homeownership, with the goal of increasing homeownership rates among individuals and families with limited means, financial knowledge and skills, and number of individuals with savings accounts and relationships with financial institutions; and improving stability of families in rural communities and employee retention for Oklahoma businesses. This grantee has been successful in partnering with employers that serve as a recruitment base for participants, increasing the grants capacity; and targeting different segments of the population, such as helping interested home buyers increase their credit scores.
Partners for Rural Enterprises of Oklahoma, Inc. include the Oklahoma Homebuyer Education Association, Little Dixie Community Action Association, Fannie Mae, and the U.S. Department of Agricultures Rural Development program, providing financial and asset-specific education and certified home buying services.
Assets for Independence Grant History
Employer Assisted Housing IDA Program
48 IDAs have been opened.
26 participants have received financial education.
$88,980 saved by participants.
34 participants have purchased an asset.
Total AFI Funding
Total AFI Grant Funding:
Total Non-Federal Support: $107,000
Rural Enterprises of Oklahoma, Inc. targets eligible participants living in Oklahoma, particularly those employed by partner companies.