affordable housing

Making a Greater Community Impact

Wells Fargo is concentrating its philanthropic power to help solve three critical issues: housing affordability, financial health, and small business growth.
Blog

Wells Fargo is evolving its philanthropic strategy to help solve three pressing issues affecting individuals, families, and underserved communities across the U.S. — housing affordability, financial health, and small business growth — the company announced June 5.

Wells Fargo to Donate $1 Billion to Address Housing Affordability Crisis

New philanthropic strategy to benefit underserved communities through housing, financial health and small business programs; $20 million challenge grant aims to accelerate solutions for U.S. housing needs
Press Release

SAN FRANCISCO, June 8, 2019 /3BL Media/ Wells Fargo today announced an evolution of its philanthropic strategy to help address three critical issues affecting underserved communities: housing affordability, financial health and small business growth.

Affordable Housing for Everyone

Blog

With the rapid development and change we are experiencing in cities and communities, the cost of living is increasing. This is leading to unaffordable and unstable housing situations, which can go hand-in-hand with financial instability, especially when a large chunk of your paycheque goes to housing.

Values-Based Banking – Vancity’s Answer in Uncertain Times

Article

May 15, 2019 - A financial institution that only makes money by moving it around achieves very little of value beyond generating profits. Vancity is different. With its values-based banking model, Vancity is perfectly placed to support its members through uncertain times. Canada’s largest community credit union’s ninth integrated annual report, Navigating change, building community – explains how. It can be viewed at annualreport.vancity.com.

A Housing Lift for Those Who Protect and Serve

From firefighters and police officers to veterans, hundreds of first responders across the U.S. have become homeowners with help from Wells Fargo’s NeighborhoodLIFT® program.
Blog

From the first time he set foot in a fire station, David Budd felt like he was home. As a boy, he had fallen in love with the idea of being a firefighter and spent years working to become one. It was a proud moment when he eventually landed a full-time job as a first responder.

But that was nothing compared to the day he walked into his first home as a homeowner, said the 23-year-old native of suburban Charlotte, North Carolina.

Philanthropic Investors Tap “Catalytic Capital” to Seed Innovation & Scale Progress

Article

by Debra Schwartz Managing Director, MacArthur Foundation 

Often, the most compelling impact investments are made, not found.

I have used that phrase over the years to describe how foundations and other impact-focused investors use “catalytic capital” to support social and environmental progress. These patient, flexible, “catalytic” investments are able to take on more risk and/or accept a lower return than commercial capital in order to finance gains that would not otherwise be possible.

Conway Center Revolutionizes Affordable Housing in Washington, D.C.

Simone Scott and her children are among the first residents of the Conway Center, an affordable housing development in Washington, D.C., that also provides job training, health care, and other resources, thanks to a grant from Wells Fargo.
Blog

Just a few years ago, Simone Scott lost her job, lost her home, and suffered a seizure while pregnant, all in a short period of time, leaving her, her young son, and newborn daughter homeless. But after learning about the nonprofit So Others Might Eat, or SOME, Scott received housing and support, allowing her to get back on her feet. Today, she is enjoying her new home at SOME’s Conway Center and hopes to give back to others like herself as a wellness consultant.

SunTrust Foundation Awards $5 Million Grant to Westside Future Fund

Grant will support mixed-income housing and economic development within Atlanta’s Westside community
Press Release

ATLANTA, March 18, 2019 /3BL Media/ — The SunTrust Foundation announced today it awarded a $5 million grant to the Westside Future Fund (WFF). The grant will positively impact Atlanta’s historic Westside neighborhoods, whose footprint once housed more than 40,000 residents by supporting mixed-income housing and economic development. This will ensure that legacy residents can continue to call the historic Westside home and thrive as part of the revitalization efforts taking place.

How Impact Investing Can Change Our Relationship With Money

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by Yuliya Tarasava, Co-Founder and COO, CNote 

While difficult at the moment, the many conversations with my friends about money inspired me to explore a different path. Conversation after conversation, I started to chip away at what felt wrong about money, and we would talk about their “wish list” when it comes to finance. What came up again and again was the desire to feel smart about money decisions – “whatever I do should be easy to understand, available to all, convenient to do, and make me feel good and empowered.”

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