Wells Fargo Donates $235,000 to Mississippi Nonprofits for Community Revitalization Efforts
June 06 2019 - 10:00AM
Business Wire
NeighborhoodLIFT® program awards local initiative grants to four
organizations serving the Hattiesburg and Jackson communities
Wells Fargo & Company (NYSE: WFC) today announced
$235,000 in donations to four local nonprofits that will help
revitalize Mississippi neighborhoods through the Wells Fargo
NeighborhoodLIFT® program.
“Wells Fargo cares about our communities, and we are making
these investments to continue to strengthen Mississippi,” said
Chris Tracy, Wells Fargo Mississippi and Alabama Coast region bank
president. “These nonprofits are actively leading programs to help
stabilize housing, continue economic development efforts and
promote health and wellness. We are hopeful these grants will make
a big impact.”
NeighborhoodLIFT local initiative grants will be awarded to the
following Hattiesburg and Jackson nonprofits:
- D&E, A Housing & Economic
Empowerment Center, Inc. will receive $30,000 to provide
underserved adults with technical skills training combined with
support services such as asset- and credit-building strategies,
public benefits screening and employment coaching to develop skills
needed for life and work. This includes a homebuyer workshop on
mortgage readiness.
- Midtown Partners, Inc. will
receive $30,000 to complete the next phase of a development plan
for its creative economy initiative that supports businesses
located in The Hatch and The Hangar neighborhoods.
- Mississippi Center for Medically
Fragile Children will receive $145,000 to build the state’s
first pediatric skilled nursing facility. Medically complex
pediatric patients and their caregivers will have access to
pediatric skilled nursing, rehabilitation and palliative care
services in a homelike environment.
- The Salvation Army of
Hattiesburg will receive $30,000 for the Center of Hope Shelter
transitional housing program, which provides emergency shelter and
support services to men, women and families, including a warm bed,
hot meals, laundry, bathing facilities and other resources to help
them get back into permanent housing.
Nearly 100 homeowners created in Mississippi through LIFT
programs
The Mississippi NeighborhoodLIFT program local initiative grants
are part of a $2.75 million commitment by Wells Fargo to boost
local homeownership and revitalize neighborhoods in all 82
Mississippi counties. The NeighborhoodLIFT program has assisted
nearly 100 Mississippi homeowners by offering homebuyer education
plus down payment assistance grants.
Approximately 30 more $7,500 down payment assistance grants are
available to prospective Mississippi homebuyers. The 2018
Mississippi NeighborhoodLIFT program is a collaboration with
NeighborWorks® America and its network member Hope Enterprise
Corporation.
In the wake of the 2012 housing crisis, Wells Fargo came
together with NeighborWorks America to develop the NeighborhoodLIFT
program, which has been introduced in 70 communities across the
country. As the single largest corporate philanthropic effort in
Wells Fargo’s history with a $460 million investment, LIFT programs
have created more than 21,100 homeowners by offering homebuyer
education plus home down payments assistance grants. A video about
the NeighborhoodLIFT program is posted on Wells Fargo Stories.
This follows Wells Fargo’s announcement, made earlier this week,
of an evolution in the Company’s philanthropic strategy that
includes a $1 billion commitment to address the housing
affordability crisis, a $20 million challenge grant aimed at
accelerating housing solutions nationwide, and an increased focus
on financial health and small business growth.
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,
investment and mortgage products and services, as well as consumer
and commercial finance, through 7,700 locations, more than 13,000
ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 32 countries and territories to support customers who
conduct business in the global economy. With approximately 262,000
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/20190606005141/en/
Jamee Nelson,
404-877-6934Jamee.Nelson@wellsfargo.com@JLawsonWFStephanie Grant,
760-317-6505Stephanie.Grant2@wellsfargo.com@SGrantWF
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