Home Lending Pal Receives Funding from City of Orlando and CRA
Last updated on February 07, 2022
In recent years, our city and its many partners have worked together to diversify our economy, bring high-wage, high-value jobs to Orlando, continue to grow our targeted industry sectors and accelerate downtown’s reputation as a place for headquarters and other businesses to relocate, expand and thrive.
The Orlando City Council recently approved a package of actions to support the relocation of Home Lending Pal’s headquarters to downtown Orlando, including the Public Transportation Incentive, Downtown Living Incentive, and STRIVE.
Home Lending Pal is an artificial intelligence-powered mortgage advisor advocating on behalf of the consumer to promote mortgage equality and make recommendations for affordability and approval likelihood with different lenders in a transparent way.
Home Lending Pal plans to create 275 new high-value jobs over five years with a median annual salary of $110,000.00 which is above 200% of the National Median Wage. Additionally, the organization is considering initially leasing 13,000 square feet of office space in downtown Orlando with additional square footage to be acquired as additional jobs are added. .
Innovative companies and industries are essential to strong demand growth. Programs like the High Wage/High Value program increase job creation and remove obstacles to job growth, thereby stimulating economic recovery.