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Synergy Properties Works to Provide Housing in Spokane Via Synergy Homes for Hope

Synergy Properties, in an effort to make a greater impact on the Spokane community, has formed "Synergy Homes for Hope," a holding company for properties that will be donated to local charities in Spokane to be used for individuals struggling with housing.


News provided by

Synergy Properties

Nov 08, 2018, 04:20 ET

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Synergy Properties
Synergy Properties

SPOKANE, Wash., Nov. 8, 2018 /PRNewswire-PRWeb/ -- "By focusing on acquiring one residential property per year, we hope to build a large portfolio of properties that can provide the stability and security of housing to the people that need it most," said Keith Riddle, owner and Designated Broker of Synergy Properties.

Synergy Homes for Hope will purchase and hold ownership of the property and provide management where needed while leasing the property to a chosen organization in the Spokane community. The United States is facing another affordable housing crisis as home prices continue to increase. Finding affordable housing has become the largest financial burden for low-income families who spend more than thirty percent of their annual income on rent or mortgage costs.

By focusing on acquiring one residential property per year, we hope to build a large portfolio of properties that can provide the stability and security of housing to the people that need it most.

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Furthermore, gentrification is forcing individuals from their communities and government subsidized housing is diminishing, while housing costs increase faster than wages. Synergy hopes to help those in Spokane who are struggling with finding affordable housing and give them the chance to live comfortably in the community.

Spokane is one of thousands of cities across America in which residents face issues
with finding affordable housing. People are encumbered by excessive debt, medical bills and other financial burdens that make it difficult to make ends meet. On a national scale, this housing crisis must be fixed and Synergy is doing their part to make a change locally.

"It has always been my goal to give back to the community that I was raised in," concluded Riddle. "Synergy Homes for Hope will allow us to help the families that are struggling here in Spokane, while supporting local charities and nonprofits."

About Synergy Properties
Synergy Properties works with traditional home buyers and sellers or those interested in special properties such as short sales, foreclosures, investment properties, rental properties, or even raw land to build on. For more information, please call (509) 624-4400, or visit http://www.allspokanehomes.com. Synergy Properties is located at 706 W. Garland Avenue, Spokane, WA 99205.

For media inquiries, please call the NALA at 805.650.6121, ext. 361.

SOURCE Synergy Properties

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