A group of Harvard Business School (HBS) students has developed a project aimed at fighting home foreclosures.
This fall the students will partner with the Homeownership Preservation Foundation (HPF), a nonprofit dedicated to reducing foreclosures and preserving homeownership for American homeowners.
The second-year HBS students will work with the organization on a variety of field studies aimed at helping struggling homeowners. In collaboration with members of the HPF team, the HBS students will design and implement new management strategies, including marketing, operations, and social media methods.
“As we read in the newspaper every day, the threat of foreclosure continues to place many American families in jeopardy,” said HPF President Colleen Hernandez. “HPF is committed to doing our part to stem this tide, and we are thrilled to support the development of Harvard Business School’s graduate students as they contribute their practiced business expertise to support our mission of preserving homeownership.”
This past spring, students involved in the project traveled to Minneapolis where they met with members of the nonprofit to develop the plan.