July 31, 2020
To Michelle Corson, cars are fundamental to navigating the long road to economic equality. So since 2013, she’s followed that path — initially launching On the Road Lending to help underserved com- munities build credit by giving recipients low-interest loans to buy cars. Then came On the Road Motors to sell cars directly to buyers at auction.
“I’m just fascinated by how Henry Ford’s mission was really to make the car affordable for the common man, and how it just unleashed this tidal wave of economic prosperity for decades and transformed our culture,” said the 55-year-old impact investor and former real estate executive.
June 03, 2020
JPMorgan Chase & Co. has committed more than $1 million to several organizations providing services to Houstonians impacted by the economic fallout from the COVID-19 pandemic.
“We are making investments to support vulnerable Houstonians in this time of crisis,” JPMorgan Chase Houston Market Leader Kristen Habich said in an announcement. “JPMorgan Chase has a long history in Houston and a standing commitment to supporting our employees, customers and community.”
June 03, 2020
Houstonians who’ve endured a series of COVID-19-driven economic obstacles had barely begun to see the light at the end of the tunnel this month when another setback rolled in.
Thousands of Houston-area families are now at risk of losing their homes since the state’s eviction suspension policy ended on May 18, said Sharon Zachary, executive director/CEO at ACAM, the Alliance of Community Assistance Ministries.
May 30, 2020
April 02, 2020
On The Road Lending purchased a 20,000 square foot industrial warehouse just west of the Trinity River on Comstock Street.
February 14, 2020
This report offers an overview of programs serving low-income residents, with a particular focus on programs that reach rural residents. The Southern Economic Advancement Project interviewed program administrators for car ownership programs, rural transit, and vanpool programs that address rural transportation challenges and offer insights into their experiences.
January 27, 2020
Funding to fuel expansion of successful car loan programs in Texas and the Southeastern U.S.
January 23, 2020
Dallas-based nonprofit On The Road Lending will expand its vehicle-financing program to underserved communities outside Texas with a loan of up to $10 million from Goldman Sachs’ urban investment group.
January 20, 2020
Dallas-based financial nonprofit On The Road Lending announced it’s receiving a loan of up to $10 million from the Goldman Sachs Urban Investment Group.
January 09, 2020
We’re excited to announce our selection for Stand Together Foundation’s Catalyst Program!
January 02, 2020
On the Road Lending, a nonprofit organization that launched in Dallas in 2013, has received a loan of up to $10 million from the Goldman Sachs Urban Investment Group to fuel expansion of its successful initiative across underserved communities throughout the Southeastern U.S.
January 02, 2020
Goldman Sachs said Thursday that On the Road Lending, a nonprofit organization, received a loan of up to $10 million from Goldman Sachs Urban Investment Group to help the expansion of its car loan programs throughout the Southeast.
November 19, 2019
Having reliable personal transportation provides so much for people — the ability to get better work, better school options for their kids, healthier food, greater access to medical care and most importantly more time.
September 19, 2019
World Car-free Day is held on September 22 to raise awareness about the environmental impact of large-scale car use.
July 24, 2019
July 23, 2019
The Mobility Open Blockchain Initiative (MOBI) has created and launched the industry’s first standard incorporating blockchain technology into a digital vehicle identification (VID) system, paving the way for decentralized mobility services and smarter cities.
June 04, 2019
On the Road Lending has hired Lonnie Smith, former philanthropy manager at State Farm in Atlanta, as vice president of business development. Smith will lead the nonprofit’s expansion efforts in Alabama, Georgia and Mississippi.
February 25, 2019
Federal Reserve officials met with nonprofit and civic leaders to kick off a series of public listening sessions as the central bank reviews how it conducts monetary policy. Dallas Fed President Robert Kaplan and Fed Vice Chairman Richard Clarida, during a tour and hourlong forum, heard from area residents who have worked with low-income communities to improve access to education, affordable housing and healthy food.
February 25, 2019
The Federal Reserve Bank of Dallas hosted a Fed Listens community listening session on Monday, February 25, at St. Philip’s School and Community Center. Federal Reserve Vice Chairman Richard Clarida, Dallas Fed President Robert Kaplan and local community leaders (including On the Road Lending’s Shaylon Scott) discussed economic conditions in southern Dallas and how the Fed’s policy decisions connect with residents’ lives.
November 13, 2018
Social entrepreneur Michelle Corson of Dallas, Texas took home the $75,000 first prize for On the Road Lending, a company which finances fuel-efficient and reliable cars, under warranty, for lower-skilled workers with weak credit at the wrap of BBVA Momentum.
September 05, 2018
What we do at On the Road Lending is pretty simple: We’re helping North Texans get affordable loans for fuel-efficient and reliable vehicles. What we give to our clients, however, is anything but.
August 15, 2018
Unsurprisingly, Michelle Corson is a car person.
“I would have a different one for every day of the week if I could,” she says. “I want a one-bedroom house and a seven-car garage.”
June 13, 2018
On The Road Lending (OTRL) helps families get from one destination to another by lightening the financial burden of purchasing a vehicle. After researching program structures, funding models and options currently available nationwide, OTRL was born in 2013.
February 24, 2018
It was three years ago this month that the Free Press told of James Robertson — dubbed “the Walking Man” for his 21 miles of intrepid daily walking, in all kinds of weather, to and from home in Detroit and a factory job in suburbia.
December 05, 2017
When Shalva Moore first heard about the On the Road Lending program, she thought it was too good to be true. The widowed mother of three didn’t think she could find an affordable loan for a reliable used car with her credit rating.
June 01, 2017
I often take my personal vehicle for granted because automobiles in my line of work are so common. I think nothing of it as I jump in my vehicle to run errands, attend meetings, and go see friends. I think nothing of it when, during an auto show, I visit with consumers about trim packages and performance capabilities of a particular model.
August 01, 2016
When West Dallas resident Kimbely Rankin learned that her eldest child, Brian, 13, was offered a scholarship spot at the Covenant School in North Dallas last year, she didn’t know what to do.
May 07, 2015
Last October, Michelle Corson sent checks to investors in her private equity fund for a “whopping” 3 percent return on their money. Some got less than $100.
April 02, 2015
February 27, 2015
While private equity usually deals with investments in companies and real estate, Michelle Corson is rethinking the concept to give it a socially driven focus.
April 21, 2014
April 01, 2014
In many circles – among advocates for cleaner air, safer streets, less congestion and public transit – it's a major policy goal to get people out of cars. Reduce car use, and you reduce pollution. Reduce car use, and we'll need fewer costly roads and parking garages. Reduce car use and shift more people onto bikes and trains, and maybe we'll all spend less of our lives idling in traffic.