Nationwide initiative to build and repair homes across 200
communities kicks off in Charlotte; employees volunteer with future
homeowner
CHARLOTTE, N.C., May 24, 2022
/PRNewswire/ -- 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.
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."
Click here to view additional photos from the build.
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 fiPRTNERnance, 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.
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SOURCE Habitat for Humanity International