The Promise Homes Company Achieves 50%+ Minority Vendor Contracting Benchmark
The Promise Homes Company works to improve the communities in which we operate by supporting women- and minority-owned businesses and focusing on local job creation. We believe that working to ensure that vendor selection opportunities remain local and community-engaged, particularly for standard property management responsibilities, is good for business and for the company.
We are proud to announce that The Promise Homes Company continues to grow our Minority Vendor Program! In 2020, 45% of total capex was paid to minority and women vendors (up from 14% & 21% in 2018 & 2019, respectively) and in January 2021, total capex paid to minority/women vendors was 58%. We continue to encourage our property manager to provide property maintenance and vendor opportunities to minority and women-owned small businesses within the neighborhood/community.