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.
August 5, 2020 /3BL Media/ - Nonprofit housing counseling organizations responding to the COVID-19 pandemic in 15 states will receive unrestricted grants and resources from the National Community Reinvestment Coalition (NCRC), thanks to funding from the Wells Fargo Foundation.
The grants will provide financial support for technology and other expenses to members of NCRC’s Housing Counseling Network in Puerto Rico, Texas, Florida, New Mexico, Tennessee, New Jersey, Ohio, Maryland, Arizona, Connecticut, Michigan, Indiana, California, Wisconsin, Iowa and the District of Columbia.
MUMBAI, India, August 11, 2020 /3BL Media/-In the wake of Cyclone Amphan, which devastated the state of West Bengal leaving hundreds of people and families homeless, Habitat for Humanity India is providing transitional shelters, drinking water and other services for more than 120 families in South 24 Parganas district with support from Wells Fargo.
Resources support collaborative efforts to assist renters and homeless people disproportionately affected by COVID-19
SAN FRANCISCO, July 31, 2020 /3BL Media/ – Wells Fargo & Company (NYSE: WFC) today announced a $1.5 million contribution by the Wells Fargo Foundation in support of the Funders for Housing and Opportunity (FHO) collaborative focused on advancing housing affordability solutions and relief for renter households and homeless people disproportionately affected by the economic downturn as a result of COVID-19.
SAN FRANCISCO, May 18, 2020 /3BL Media/ - Wells Fargo & Company (NYSE: WFC) announced that Nate Hurst will join the company on June 1 to oversee a newly combined organization that includes Corporate Responsibility, Philanthropy, Community Relations, and Sustainability. He will also serve as president of the Wells Fargo Foundation.
WASHINGTON, May 5, 2020 /3BL Media/ – The National American Indian Housing Council (NAIHC) and Wells Fargo Foundation are pleased to announce over $600,000 in grants to tribal housing programs to carry out housing repairs for senior homeowners in tribal communities. At a time that tribes are being forced to pare down services and devote their limited resources to the COVID-19 pandemic, these new grants will allow tribes to make much needed improvements to help ensure the safety of senior homeowners and their families.
Grants funded nonprofits in 50 U.S. states, Washington D.C., Puerto Rico, and international cities
SAN FRANCISCO, February 20, 2020 /3BL Media/ – In 2019, the Wells Fargo Foundation launched a new philanthropic strategy anchored around unlocking economic opportunity for people and communities by addressing housing affordability, small business growth and financial health. The Foundation invested $455 million in grants in the last year, funding national organizations to deliver programs at scale and nonprofits that specifically address the needs of local markets.
NeighborhoodLIFT® program is part of a $1 billion commitment by the Wells Fargo Foundation to address housing affordability
PORTLAND, Ore., November 19, 2019 /3BL Media/ -Wells Fargo and Company (NYSE: WFC), NeighborWorks® America, and its network member Portland Housing Center today announced the NeighborhoodLIFT program will expand to the city of Portland and Multnomah County this December. With a $7.1 million philanthropic commitment by the Wells Fargo Foundation, the NeighborhoodLIFT program will create more than 270 homeowners by offering $20,000 down payment assistance grants that require completion of HUD-certified homebuyer education.
Wells Fargo continued its commitment to communities by increasing philanthropy and supporting affordable housing, small business, education, sustainability, and local issues.
Wells Fargo increased its philanthropic impact in 2018 by donating $444 million to nearly 11,000 nonprofits that help communities and people in need, surpassing its $400 million goal. The company has been committed to local communities throughout its 167-year history and has increased its philanthropy 25 times over the past 28 years.