One year ago, BB&T and SunTrust completed a historic merger of equals to form Truist.
Today, the company is celebrating its teammates’ hard work and collective commitment to the communities it serves through three community impact reports. The company’s purpose is to inspire and build better lives and communities, and each report shares some of the ways 55,000 Truist teammates brought this purpose to life during an unprecedented year marked by a global pandemic, challenging economic environment and social injustice.
As the Bay Area grapples with COVID-19 economic recovery, $9.5 million effort helps 350 low- and moderate-income residents
SAN FRANCISCO, December 2, 2020 /3BL Media/ -In the Bay Area, more than four in 10 renters pay over 30% of their income on housing. Additionally, nearly 25% of renters are severely cost-burdened, paying over half of their income on housing, according to the Joint Center for Housing Studies of Harvard University.
ALEXANDRIA, Va., November 11, 2020 /3BL Media/—Wells Fargo Foundation has awarded Volunteers of America National Services (VOANS) with a $3 million grant to develop permanent supportive affordable homes for previously homeless veterans using innovative construction techniques while also supporting much needed construction job training for veterans.
Building Equitable, Resilient, and Prosperous Cities
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Chris Tyson, President & CEO of Build Baton Rouge, joins host and Common Impact CEO Danielle Holly to share about the redevelopment authority’s mission to bring together people and resources to promote equitable investment, innovative development, and thriving communities across Baton Rouge.
Grant from the Wells Fargo Foundation is part of $175 million commitment to assist communities impacted by the pandemic
BROWNSVILLE, Texas , October 6, 2020 /3BL Media/ – cdcb | come dream. come build. today announced a $300,000 grant from the Wells Fargo Foundation, which will enable the Community Development Financial Institution (CDFI) to help keep people housed, financially secure and growing wealth during and after the COVID-19 pandemic.
The grant for cdcb is one of six grants awarded to CDFI’s that support housing and community development in rural communities with persistent poverty across the U.S.
Homeowner education initiative supports maintenance of affordable, healthier homes
DAVIDSON, N.C., October 6, 2020 /3BL Media/ — A family’s first home brings excitement and emotions, opening up possibilities and providing a foundation for stability and growth. Becoming a new homeowner also brings new challenges and responsibilities of maintenance and repairs to keep the home safe and comfortable.
Six housing innovators receive a total of $12 million in grants to create housing affordability solutions across the U.S.
COLUMBIA, Md. and SAN FRANCISCO, September 22, 2020 /3BL Media/ – Although the housing challenges facing millions of Americans often seem intractable, organizations from across the U.S. are collaborating to deliver fresh, innovative and scalable ideas to create housing affordability solutions with support from Enterprise Community Partners and Wells Fargo.
Wells Fargo Foundation donates $1.8 million to support housing initiatives led by six CDFIs in the country’s poorest communities.
The ongoing economic fallout from COVID-19 — and its disproportional impact on people of color — is being felt not just in big cities but also in rural areas of persistent poverty across the United States. Fortunately, a group of six Community Development Financial Institutions, or CDFIs, have come together to transform and lift up these persistently poor communities, aided by the financial support of the Wells Fargo Foundation.