Wells Fargo Foundation Aims To Grow Diverse Housing Developers With $40 Million Donation

Capital Impact Partners, LIIF, Raza Development Fund and Reinvestment Fund lead new initiative to increase racial equity in real estate development
Press Release

SAN FRANCISCO, July 1, 2022 /3BL Media/ - The roughly $175 billion U.S. housing development market is known for high barriers to entry — and today, real estate developers of color make up less than five percent of the industry. To help address this gap, the Wells Fargo Foundation announced Growing Diverse Housing Developers, a $40 million grant initiative focused on expanding the growth and success of real estate developers of color, including Black- and Latino-owned firms.

Wells Fargo Innovation Incubator Selects Five Agtech Companies Targeting Global Food Resiliency

The program’s 11th cohort will receive non-dilutive funding for collaborative research at the Donald Danforth Plant Science Center to develop and de-risk their technologies
Press Release

DENVER, June 15, 2022 /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. Department of Energy’s National Renewable Energy Laboratory (NREL), announced today it selected five startups to participate in the program’s 11th cohort. The cohort consists of sustainable agriculture companies focused on using biological solutions to improve the resilience of global food systems.

Los Angeles Cleantech Incubator Launches First in Nation Cleantech Loan Fund To Accelerate Equitable Climate Action

New LACI Fund to Provide an Affordable Alternative to Venture Capital For Startups; By Not Requiring Personal Collateral or Credit Scores, LACI Aims to Help Underrepresented Founders in Particular Overcome Historical, Institutional Barriers to Access to C
Press Release

LOS ANGELES, June 8, 2022 /3BL Media/ – The Los Angeles Cleantech Incubator (LACI) announced the launch of their nationwide LACI Cleantech Debt Fund, a first-of-its-kind green loan program to scale early stage cleantech startups and accelerate equitable climate action.

Wells Fargo and Habitat for Humanity To Build 350 Affordable Homes in the U.S.

Nationwide initiative to build and repair homes across 200 communities kicks off in Charlotte; employees volunteer with future homeowner
Press Release

CHARLOTTE, N.C., May 24, 2022 /3BL Media/ - As homeownership remains out of reach for too many families, Wells Fargo today announced an effort to support new home construction, renovation, and repair of more than 350 affordable homes across the U.S. in collaboration with Habitat for Humanity International.

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.

NAIHC Launches Housing Assistance Resource Hub for Native Homeowners

Website lists tribal and state mortgage, utilities and rental assistance services
Press Release

WASHINGTON, March 2, 2022 /3BL Media/ - The National American Indian Housing Council (NAIHC), in partnership with Wells Fargo, launched a Tribal Housing Assistance Resource Hub that lists mortgage, utilities and rental assistance services offered by state and tribal programs through the federal Homeowner Assistance Fund (HAF) and the Emergency Rental Assistance Program (ERAP). The website is designed to be a tool for American Indian, Alaska Native and Native Hawaiian homeowners, individuals and families to find a variety of tribal housing services offered on and off tribal lands.

Wells Fargo Donates to Humanitarian Relief in Ukraine, Support for U.S. Service Members

$1M across three nonprofits will focus on immediate needs, hardships
Press Release

SAN FRANCISCO, March 3, 2022 /3BL Media/ - Wells Fargo announced today $1 million in donations across three nonprofits to enable humanitarian aid for Ukraine and Ukrainian refugees, as well as support services for U.S. service members and their families across the globe.

Enterprise Community Partners to Help Houses of Worship Build Thousands of Affordable Homes With $8.5 Million in Grants From Wells Fargo

Nationwide expansion of faith-based affordable housing development kicks off in Atlanta
Press Release

ATLANTA, February 24, 2022 /3BL Media/ - Joined by Mayor Andre Dickens inside Atlanta First United Methodist Church, Enterprise Community Partners (Enterprise) today announced $8.5 million in grants from the Wells Fargo Foundation to help houses of worship across the U.S. convert underutilized land into affordable homes and community facilities.

Wells Fargo Donates $20 Million to Strengthen Small Businesses in Los Angeles

The bank’s Open for Business Fund grant to LISC LA will offer mix of loans and grants to spark long-term growth
Press Release

LOS ANGELES, February 15, 2022 /3BL Media/ - Wells Fargo today announced a $20 million donation to help Los Angeles small business owners own more of their businesses’ assets, including property and equipment. LISC LA (Local Initiatives Support Corporation, Los Angeles) will distribute the funding as a mix of grants and loans in Los Angeles County, with a focus on diverse-led small businesses that have historically been underfunded.


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