Homeownership initiative expands with $7 million investment in down payment assistance for low- and moderate-income residents
MINNEAPOLIS, October 15, 2020 /3BL Media/ –Homeownership rates among people of color in Minneapolis and St. Paul, Minn., demonstrate the highest disparity in the U.S. with a glaring 50% racial equity gap between White and Black homeowners, according to the Urban Institute.
Wells Fargo Foundation grant is part of $175 million commitment to assist communities impacted by COVID-19
WEST SACRAMENTO, Calif., October 9, 2020 /3BL Media/ - Rural Community Assistance Corporation today announced a $300,000 Wells Fargo Foundation grant, which will enable the Community Development Financial Institution (CDFI) to support communities most impacted by COVID-19. RCAC’s response to the crisis began in February and will continue in 2021 and beyond.
Will Bring Capital to Tribal Communities for Small, Housing
LONGMONT, Colo., October 7, 2020 /3BL Media/ – Oweesta Corporation (Oweesta) announced a $5 million grant from the Wells Open Business Fund, which will enable the Native Community Development Financial Institution (CDFI) intermediary to launch the Native American COVID-19 Disaster Recovery Fund. This $15 million fund is designed to provide Native CDFIs the long-term, low-cost capital necessary that they need to mobilize COVID-19 economic response and recovery efforts in their tribal communities.
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.
By Jenny Flores, Social Impact & Small Business Growth Executive, Wells Fargo
There’s a myth in the small business world: if you give an entrepreneur enough access to capital, they will succeed. The truth is, access to technical expertise around areas like budgeting, marketing, customer development, and supply chain management can be just as important as financing. In fact, it may be key to the comeback for so many small businesses right now.
Wells Fargo Foundation donates $5.4 million to 15 organizations to help keep people affected by COVID-19 housed
SAN FRANCISCO, September 24, 2020 /3BL Media/ -Up to 40 million U.S. renters impacted by the COVID-19-related economic downturn could face eviction once federal rental protections end, according to research from the Aspen Institute and the COVID-19 Eviction Defense Project.
Grant from the Wells Fargo Foundation is part of $175 million commitment to assist communities impacted by COVID-19
LONGMONT, Colo., September 23, 2020 /3BL Media/ -Oweesta Corporation (Oweesta) today announced a $300,000 grant from the Wells Fargo Foundation, which will enable the Native Community Development Financial Institution (CDFI) intermediary to provide COVID-19 focused technical assistance, training, and other support services to Native Community Development Financial Institution (CDFI) housing lenders to support local housing efforts in Native communities throughout the country.
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.