TMCnet News
Wells Fargo Contributes $250,000 for New York Area Housing, Revitalization EffortsWells Fargo & Company (NYSE:WFC) today announced a total of $250,000 in donations for three local nonprofits to support affordable and safe housing, small business empowerment and health and wellness in the New York area. "We are passionate about helping individuals, families and communities achieve their goals," said Fred Bertoldo, Wells Fargo (News - Alert) region bank president. "The local initiative grants will help provide affordable and safe housing, provide small businesses with valuable resources and make healthy food options more available to New York area residents. We are excited to see progress in these areas, and we will continue to work together to make lasting change for the better." The Wells Fargo grants are intended to support neighborhood revitalization efforts through the Wells Fargo NeighborhoodLIFT® program from the Wells Fargo Foundation. Wells Fargo NeighborhoodLIFT program local initiative grants will be awarded to the following New York area nonprofits:
The NeighborhoodLIFT program local initiative grants are part of an effort expanded to the New York City area in November 2017 with a $8.3 million commitment by Wells Fargo to boost local homeownership and revitalize neighborhoods. The NeighborhoodLIFT program has assisted 138 homeowners in the area by offering homebuyer education plus $20,000 down payment assistance grants, with more on the path to becoming homeowners through the program in collaboration with NeighborWorks® America and its network member, Community Housing Development Corporation. "This is a great opportunity to make a positive difference for our residents and future generations," said Deborah Smith, Community Affairs manager, Wells Fargo Foundation. "These funds will be utilized to meet important needs in our communities, improving lives for so many. Our focus is, and will remain, on lifting up our residents." Since February 2012, LIFT programs have helped create more than 17,900 homeowners in 60 communities. A video about the NeighborhoodLIFT program is posted on Wells Fargo Stories. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investments, mortgage, and consumer and commercial finance through 8,050 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 38 countries and territories to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune's 2018 rankings of America's largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180720005018/en/ |