San Diego, CA – For the remainder of 2020, The Carmody Team is partnering with Support The Enlisted Project (STEP) and donating 10% of their profits to support young military and transitioning veterans move from financial crisis to self-sufficiency. The local nonprofit provides financial counseling and financial assistance grants for service members and veterans in crisis
San Diego is home to 110,700 active duty service members and 230,000 veterans. With spousal unemployment rate at 24% unemployment rate and a 25% wage gap compared to people whose partners aren't in the services, our service members are struggling.
Each month, STEP provides $20,000 in grants to stop the loss of a basic need in conjunction with one-on-one financial counseling with STEP social workers trained in financial literacy for all service members and veterans. STEP has been doing this here in San Diego for the past 8 years, assisting 5,600 families and has improved 90% of the families’ long term finances.
“It’s a privilege to partner with The James Carmody Team. The lending group has shown a philanthropic passion for years, this generous opportunity means a lot to our military families. We value this partnership more than ever, as our military families struggle with the economic impact of COVID0-19. On behalf of our team and the many service members and veterans we have served, thank you,” says STEP CEO and Co-Founder Tony Teravainen.
About Support The Enlisted Project (STEP)
9 in 10 service members are in debt. Financial hardship and food insecurity are on the rise among military and veteran families, impacting mission readiness as well as health, safety, and quality of life for our nation’s heroes. STEP’s mission is to promote financial well-being. Their professional Social Workers, who are Certified Personal Finance Counselors, provide counseling, education, and financial assistance grants in order to build financial self-sufficiency. Since 2012, STEP has assisted more than 5,600 military and veteran families, including preventing 510 in-process evictions. To learn more and get involved, please visit stepsocal.org.
About The James Carmody Team at Synergy One Lending
Synergy One Lending is committed to simplifying the home buying experience. As a national mortgage lender, we offer the best combination of the digital mortgage technology our client’s want along with the expertise of our team they need. Synergy One is Approved to lend in 31 states and provides among the broadest set of mortgage options of any company today. Whether you are a millennial, baby boomer, or luxury home buyer, Synergy One Lending stands out because of our relentless pursuit of excellence in our people, our process, and the client experience. Learn more at jamescarmody.s1l.com/