affordable housing

Wells Fargo Donates $400,000 for Housing and Revitalization Efforts in Sacramento

Sacramento NeighborhoodLIFT® program awards grants to five nonprofits serving the local community
Press Release

SACRAMENTO, Calif., September 9, 2019 /3BL Media/ – 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 Housing Affordability Crisis Episode 4: Driving Toward Solutions

What happens next?
Blog

In this special 4-part video series, Wells Fargo brings together problem solvers to discuss the housing affordability crisis in America, including Marc H. Morial, President of the National Urben League; Cerita Battles, Wells Fargo Home Mortgage; Keith Fairey, Enterprise Community Partners; Wells Fargo Senior Economist, Mark Vitner; and Vince Toye, Wells Fargo Community Lending and Investments.

The Housing Affordability Crisis Episode 3: Turning the Tide

How do we fix this? Experts identify actions policymakers, communities, and banks can take now to spark systemic change and solve the housing affordability crisis.
Blog

In this special 4-part video series, Wells Fargo brings together problem solvers to discuss the housing affordability crisis in America, including Marc H. Morial, President of the National Urben League; Cerita Battles, Wells Fargo Home Mortgage; Keith Fairey, Enterprise Community Partners; Wells Fargo Senior Economist, Mark Vitner; and Vince Toye, Wells Fargo Community Lending and Investments.

The Housing Affordability Crisis: the Contributing Factors

Wells Fargo video series brings together experts to discuss the housing affordability crisis in America — and how to bring about systemic change.
Blog

Wells Fargo recently committed $1 billion by 2025 to help solve the nation’s housing affordability challenges. In this special series, Wells Fargo brings together problem solvers to discuss the housing affordability crisis in America — and how to bring about systemic change.

Episode 1: America’s Housing Affordability Problem

What makes housing affordability a looming crisis? Top experts discuss a legacy of the housing bust that is impacting millions of Americans across income levels and the U.S. economy at large.
Blog

Wells Fargo recently committed $1 billion by 2025 to help solve the nation’s housing affordability challenges. In this special series, Wells Fargo brings together problem solvers to discuss the housing affordability crisis in America — and how to bring about systemic change.

Housing Affordability: An American Crisis

In this special series, Wells Fargo brings together problem solvers to discuss the housing affordability crisis in America — and how to bring about systemic change.
Blog

The lack of affordable housing in the U.S. is putting millions of people at the edge of crisis. Too many Americans are spending more than 50% of their income to keep a roof over their heads, experts say, and the crisis is costing the U.S. economy billions each year. In this special series, Wells Fargo brings together problem solvers to discuss the housing affordability crisis in America — and how to bring about systemic change.

America’s Housing Crisis Is a Chance to Change the Narrative and Fix the Future

Blog

by Zane Fischer, CEO, Extraordinary Structures 

A Good House is Hard to Find

Death and taxes may be certain, but food and shelter are non-negotiable. In the United States, we waste a lot of food, but we’re running out of houses. In a society ostensibly dedicated to life, liberty, and the pursuit of happiness, the right to protection from the elements seems distinctly absent.

CIT Provides $55 Million to Jumpstart Two Affordable Housing Developments for Homeless Vets and Families

Press Release

PASADENA, Calif., June 27, 2019 /3BL Media/ - CIT Bank, N.A., the banking subsidiary of CIT Group Inc., today announced a total community investment of $55 Million in support of two East LA Community Corporation (ELACC) affordable housing developments, El Nuevo Amanecer and Rosa de Castilla.1 Together, the complexes will provide 146 units once completed, including 80 units of permanent supportive housing for homeless veterans and 42 units for low-income families.

There’s No Place Like the Home Next Door

When they were kids, siblings Kenneth and Leah Martinez loved their elderly next-door neighbors like extended family. Years later, they are now the proud owners of the house next door, with help from Wells Fargo’s NeighborhoodLIFT® program.
Article

In his teen years, Kenneth Martinez would often drive home after school, pull into his driveway, and see a familiar sight next door: His elderly neighbor, sitting in the shade of an old tree, waving at him.

He’d usually chat with the kindly gentleman, talk about their suburban Los Angeles neighborhood, and share a few laughs. The neighbor and his always-friendly wife were like extended family, and Martinez and his dad often helped them with their household needs.

'America Can’t Afford Unaffordable Housing’

Wells Fargo leads a national panel on housing affordability and homelessness; author Antwone Fisher’s story puts a personal face on the growing crisis.
Blog

Amid a round of recent news about the increasing problem of homelessness in America, Jon Campbell appeared before a standing room-only audience of affordable housing advocates to call for renewed efforts to address the crisis.

“I think the headline for all of this should be, ‘America can’t afford unaffordable housing,’” he said, as the crowd applauded. “I really believe that’s the headline. And if we can all take that mantra forward from this place, we’re really going to make progress.”

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