Wells Fargo and Habitat for Humanity to Build 350 Affordable Homes in the U.S.
May 24 2022 - 9:30AM
Business Wire
Nationwide initiative to build and repair homes across 200
communities kicks off in Charlotte; employees volunteer with future
homeowner
As homeownership remains out of reach for too many families,
Wells Fargo today announced an effort to support new home
construction, renovation, and repair of more than 350 affordable
homes across the U.S. in collaboration with Habitat for Humanity
International. Through the Wells Fargo Builds program, the company
is providing $7.75 million in grant funding to help local Habitat
for Humanity affiliates increase the supply of affordable homes in
200 communities nationwide.
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Wells Fargo teams up with Habitat for
Humanity to build 350 affordable homes across the U.S. (Photo:
Wells Fargo)
The first Wells Fargo Builds event of 2022 kicked off with a
wall-raising ceremony for a new Habitat home for a family of six in
the Thomasboro-Hoskins neighborhood of Charlotte, North Carolina.
Habitat for Humanity of the Charlotte Region received a $130,000
grant to build the home and to make critical repairs to an older
home in the community. Fifteen Wells Fargo employees volunteered
alongside the future first-time homeowner, and others will
volunteer on various new construction, critical home repair and
renovation projects in other communities throughout the year.
“The pandemic highlighted in a new way that a quality and
affordable place to call home, especially during times of crisis,
is critical to the safety and security of families,” said Mary
Mack, CEO of Consumer and Small Business Banking for Wells Fargo
and a Habitat for Humanity International board member.
“Volunteering with Habitat has always been a huge source of pride
for our employees, and we’re excited to put on our hard hats to
help families start a new journey in their lives as
homeowners.”
Wells Fargo and the Wells Fargo Foundation have donated more
than $119 million to Habitat for Humanity International and local
affiliates in support of affordable and sustainable housing since
2010, including support for new home construction and repairs,
helping older adults age in their homes, and neighborhood
revitalization and disaster response efforts. Wells Fargo also
supports Habitat’s Cost of Home five-year advocacy campaign through
which local Habitat affiliates, partners, volunteers and community
members are working together to help 10 million people gain access
to an affordable home.
“Habitat for Humanity and Wells Fargo have a shared commitment
to creating a world where everyone has a decent place to live,”
said Jonathan Reckford, CEO of Habitat for Humanity International.
“With the support of Wells Fargo this year, we will be able to help
even more families achieve strength, stability, and self-reliance
through shelter and create stronger and more resilient communities.
We are grateful for their continued partnership.”
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets,
proudly serves one in three U.S. households and more than 10% of
small businesses in the U.S., and is a leading middle market
banking provider in the U.S. We provide a diversified set of
banking, investment and mortgage products and services, as well as
consumer and commercial finance, through our four reportable
operating segments: Consumer Banking and Lending, Commercial
Banking, Corporate and Investment Banking, and Wealth &
Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021
rankings of America’s largest corporations. In the communities we
serve, the company focuses its social impact on building a
sustainable, inclusive future for all by supporting housing
affordability, small business growth, financial health, and a
low-carbon economy. News, insights, and perspectives from Wells
Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com |
Twitter: @WellsFargo.
Habitat for Humanity
Driven by the vision that everyone needs a decent place to live,
Habitat for Humanity began in 1976 as a grassroots effort on a
community farm in southern Georgia. The Christian housing
organization has since grown to become a leading global nonprofit
working in local communities across all 50 states in the U.S. and
in more than 70 countries. Families and individuals in need of a
hand up partner with Habitat for Humanity to build or improve a
place they can call home. Habitat homeowners help build their own
homes alongside volunteers and pay an affordable mortgage. Through
financial support, volunteering or adding a voice to support
affordable housing, everyone can help families achieve the
strength, stability and self-reliance they need to build better
lives for themselves. Through shelter, we empower. To learn more,
visit habitat.org.
WF-PESG: Philanthropy & ESG
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version on businesswire.com: https://www.businesswire.com/news/home/20220524005360/en/
Wells Fargo Melissa Murray
melissa.k.murray@wellsfargo.com
Habitat for Humanity Mackenzie Miotke Habitat for
Humanity International (404) 420-6732 newsroom@habitat.org
www.habitat.org/newsroom
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