Wells Fargo Donates $400,000 for Housing and Revitalization Efforts in Sacramento
September 09 2019 - 11:00AM
Business Wire
Sacramento NeighborhoodLIFT® program awards grants to five
nonprofits serving the local community
Wells Fargo & Company (NYSE: WFC) today announced $400,000
in donations to five local nonprofits to support housing and
neighborhood revitalization for Sacramento residents.
“The NeighborhoodLIFT program is another example of our
commitment to Sacramento and our efforts to bring forward housing
affordability solutions to communities across the U.S.,” said Kevin
Barri, Wells Fargo’s region president for Sacramento. “The program
will help hardworking families and individuals get on the path to
successfully becoming homeowners.”
The grants are funded by the Wells Fargo Foundation and follows
Wells Fargo’s announcement in June of an evolution in the company’s
philanthropic strategy that includes a $1 billion commitment over
the next six years to address the U.S. housing affordability
crisis.
NeighborhoodLIFT local initiative grants will be awarded to the
following local nonprofits:
- NeighborWorks® HomeOwnership Center Sacramento Region
has received $100,000 for its Community Empowerment and Development
Project, a community-driven process that will stimulate
homeownership, neighborhood development and beautification. This
grant will support community and leadership engagement activities
in Del Paso Heights, a community in Sacramento seeking to build a
stronger community through resident leadership, homeownership
education, and access to affordable homes.
- Habitat for Humanity of Greater Sacramento has received
$100,000 for its Neighborhood Revitalization Program, which focuses
on revitalizing the community and removing barriers to affordable
housing in the highest need areas of Sacramento and West
Sacramento. This will be accomplished through new home building
projects, critical home repairs, beautification and neighborhood
transformation events known as Rock the Block.
- Sierra Service Project has received $50,000 for its
North Sacramento Home Repair Program, which will provide free home
repairs to low-income and elderly residents of North Sacramento and
Del Paso Heights so they can safely age in place.
- Women’s Empowerment has received $50,000 for the
construction of transitional workforce housing for homeless women
and their families. In addition to a place to stay, Women’s
Empowerment offers various job training programs and health and
social services specifically targeting the barriers faced by
homeless women.
Wells Fargo donates a $100,000 “LIFT the Block” grant and
volunteer support to fund HomeAID
As part of the Sacramento NeighborhoodLIFT program, Wells Fargo
will also donate a $100,000 “LIFT the Block” grant to HomeAID’s
Building HOPE project. This initiative will fund four local
non-profit projects: Women’s Empowerment will receive architectural
and engineering support developing 34 low rent housing units,
Assist Neighborhood Wellness Foundation will be provided with
asphalt resurfacing and storage building, Volunteers of America
will be receive a security fence, and WEAVE, Inc. will be
undergoing property repairs and safety additions.
More than 550 homeowners created in Sacramento through LIFT
programs
The Sacramento NeighborhoodLIFT program local initiative grants
are part of a $13 million philanthropic investment by Wells Fargo —
first announced in 2012 and expanded in 2019 to boost local
homeownership and revitalize neighborhoods. A collaboration with
NeighborWorks® America and NeighborWorks HomeOwnership Center
Sacramento Region, the NeighborhoodLIFT program has created more
than 550 homeowners in Sacramento County and the city of West
Sacramento by offering homebuyer education plus down payment
assistance grants.
In the wake of the housing crisis, Wells Fargo came together
with NeighborWorks America to develop the NeighborhoodLIFT program
in 2012. It has been introduced in 74 communities across the U.S.
and is the single largest corporate philanthropic effort in Wells
Fargo’s history, with a $475 million investment. LIFT programs have
created nearly 22,000 homeowners by offering homebuyer education
plus home down payments assistance grants. A video about the
NeighborhoodLIFT program is posted on Wells Fargo Stories.
About Wells Fargo
Founded in 1852 and headquartered in San Francisco, Wells Fargo
& Company (NYSE:WFC) provides banking, investment and mortgage
products and services, as well as consumer and commercial finance,
through 7,700 locations, more than 13,000 ATMs, and the internet
(wellsfargo.com). With approximately 262,000 team members, Wells
Fargo serves one in three households in the United States. With its
corporate philanthropy, Wells Fargo aims to pave a path to
stability and financial success for underserved communities by
focusing on housing affordability, small business growth, and
financial health, among other local community needs. In 2018, Wells
Fargo donated $444 million to nearly 11,000 nonprofits. For 10
consecutive years, Wells Fargo has held the honor of No. 1 in
workplace giving by United Way Worldwide. Wells Fargo team members
also actively support communities by donating more than 2 million
hours of volunteer time in the last year. News, insights and more
information on the company’s overall corporate responsibility are
available at Wells Fargo Stories and www.wellsfargo.com/impact.
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version on businesswire.com: https://www.businesswire.com/news/home/20190909005650/en/
Julie Campbell, 916-402-2350 campbeju@wellsfargo.com
@JCampbellWF
Stephanie Grant, 760-317-6505 Stephanie.Grant2@wellsfargo.com
@SGrantWF
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