Progressive Launches “Open the House” Initiative for First-Generation Buyers

The Progressive Corporation (NYSE:PGR) is one of the best NYSE stocks to buy for long term investment. On June 2, Progressive Insurance unveiled “Open the House,” which is a new multi-year initiative aimed at advancing homeownership education and affordability, particularly for first-generation homebuyers.

One of the components of the initiative is the UpPayment program, which offers a $13,500 grant to up to 100 qualified first-generation homebuyers to remove some financial barriers like down payments. In 2024, Progressive Corporation allocated over $7 million to support families in purchasing, retaining, and building a lasting legacy through homeownership.

Progressive Launches "Open the House" Initiative for First-Generation Buyers

A team of accountants in a boardroom, discussing strategic moves of an insurance company.

The “Open the House tour” will feature a “home on wheels” that travels to cultural events across the US in 2025 to educate prospective homebuyers. Additionally, the “Recipe for Homeownership” is a video series featuring financial wellness experts and special guests discussing homeownership and financial well-being. Later this summer, Progressive will launch “Home Appraisal Help,” which is an online resource developed in collaboration with The Appraisal Foundation to educate homeowners on the appraisal process and assist them in obtaining accurate home valuations.

The Progressive Corporation (NYSE:PGR) is an insurance company in the US.

While we acknowledge the potential of PGR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.