housing affordability

Wells Fargo Invests $3.5M to Convert Schools, Hospitals, Office Buildings into Affordable Homes

Housing Partnership Network's New Adaptive Reuse Accelerator Program aims to create 1,600 affordable apartments and workforce housing
Press Release

BOSTON, April 7, 2022 /3BL Media/ - To increase the supply and affordability of homes in the U.S., Housing Partnership Network (HPN) today announced $3.5 million in grants to help transform empty hotels, schools, hospitals, and commercial buildings into affordable apartments and workforce housing.

Addressing Housing Affordability With Access to Homeownership

Article

by Mike Loftin, CEO of Homewise 

Faced with an affordable housing shortage, policymakers often overlook America’s biggest source of affordable housing: homeownership. 

Contrary to popular belief, owning is often more affordable than renting. Today, it is cheaper to buy a home than it is to rent in two-thirds of US counties, including New Mexico’s Santa Fe and Bernalillo Counties, home to high-cost Santa Fe and moderately priced Albuquerque, where Homewise, has helped more than 5,000 modest-income families become homeowners.

Northern Oregon Homeownership to Get $7.1 Million Boost

NeighborhoodLIFT® program is part of a $1 billion commitment by the Wells Fargo Foundation to address housing affordability
Press Release

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 Innovation Incubator Expands to Include Housing Affordability Solutions

10 companies join partnership to boost clean technologies, decrease energy costs, make housing more affordable
Press Release

DENVER, November 13, 2019 /3BL Media/ - The Wells Fargo Innovation Incubator (IN2), a technology incubator and platform funded by the Wells Fargo Foundation and co-administered by the U.S.

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.

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.

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