The fund will be advertised and dispersed through Premium Mortgage’s proprietary software, which will identify the properties eligible for the program and advertise the incentive to real estate agents to encourage home buying in these targeted communities.

“I am proud to work with a group of people who are both innovative and community-centric. We are utilizing the latest technologies to benefit our communities and address problems whose roots date back to their very beginnings,” said Mike Donoghue, founder and president of Premium Mortgage. “We did not just want to throw money at the problem – that is easy – anyone can do that. We wanted to find a way to get the money into the hands of those that need it and can use it to revitalize their neighborhoods.”

Headquartered in Rochester, N.Y., Premium Mortgage Corporation operates across New York, Florida, Vermont, Massachusetts, Connecticut, Pennsylvania, and Ohio.