affordable housing

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

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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.
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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.”

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

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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.

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