As homeowners and renters face COVID-19 economic recovery, philanthropic funding will provide urgent housing counseling and legal assistance services to help more than 250,000 people stay in their homes
SAN FRANCISCO. Aug. 25, 2021 /3BL Media/ - The housing crisis has been intensified by the COVID-19 pandemic and millions are facing housing and rental instability. In response to these financial challenges, Wells Fargo Foundation is providing nearly $11 million in additional grant funding to seven legal-assistance organizations and 12 housing counseling agencies to help keep people housed.
Three-year, $15 million initiative taps entrepreneurs to develop new technologies to alleviate hidden burdens of low-income communities, improve economic opportunity for all
SAN FRANCISCO, July 30, 2021 /3BL Media/ - Millions more Americans slipped into poverty over the past year, creating fresh concerns about deeply rooted racial inequities and structural barriers to financial prosperity.
ATLANTA, June 24, 2021 /3BL Media/ - Wells Fargo today announced it is donating $7.75 million to Habitat for Humanity through its Wells Fargo BuildsSM program to increase housing affordability across the U.S. The grant will fund home builds, critical home repairs, and help address the historic gaps in Black homeownership.
$25M grant will target racial wealth gap and persistent poverty through Finance Justice Fund
WASHINGTON June 21, 2021 /3BL Media/ --- Opportunity Finance Network (OFN) announced that Wells Fargo is committing a $25 million grant to its Finance Justice Fund to help tackle systemic barriers to capital in communities around the country.
Wells Fargo participates in national recognition of the 1921 Tulsa Race Massacre with grant supporting economic empowerment efforts.
Many have recently become aware that this year’s Memorial Day weekend also marks the centennial of a historic attack on U.S. soil. African American lives, homes, and businesses were destroyed in sweeping acts of violence during a 16-hour period in Tulsa, Oklahoma, now known as the “Tulsa Race Massacre,” “Tulsa Race Riot of 1921,” or the destruction of “Black Wall Street.”
Focus on addressing urgent housing challenges to make homes safer and more accessible
WASHINGTON, June 1, 2021 /3BL Media/ – Rebuilding Together, a leading national nonprofit providing essential home repairs and revitalizing communities, today announced a national initiative with Wells Fargo. The effort will focus on addressing urgent housing challenges through critical housing repairs that help provide safe, healthy and accessible homes for everyone.
The new SUMA Wealth platform uses culturally relevant financial health entertainment to educate and empower young Latinos.
Sisters Melanie and Mariana Montoya could relate when they saw SUMA Wealth using the demand for Puerto Rican rapper Bad Bunny’s concert tickets to shell out personal financial advice: Don’t spend what you don’t have.
Our Money Matters: Financial wellness program kicks off on seven HBCU campuses to advance financial health of Black college students
MIAMI, May 21, 2021 /3BL Media/— The Historically Black Colleges & Universities Community Development Action Coalition (HBCU CDAC) is proud to announce the launch of a comprehensive financial wellness initiative, Our Money Matters (OMM) for college students of color.
New $50M evergreen investment fund will support the development of Black entrepreneurs and businesses, providing catalytic investments with a focus on closing the racial wealth gap
WASHINGTON, May 20, 2021 /3BL Media/ - Today, the Black Economic Alliance Foundation (BEA), in collaboration with Wells Fargo, launched the Black Economic Alliance Entrepreneurs Fund (BEA Entrepreneurs Fund) to accelerate the growth of Black entrepreneurs and business owners. The $50 million evergreen fund will provide seed, start-up, and early-stage capital to businesses founded and led by Black entrepreneurs.
Diverse underwriting firms to receive bulk of fees from $1 billion Sustainability Bond, which supports housing affordability, socioeconomic opportunity, and renewable energy
SAN FRANCISCO, May 19, 2021 /3BL Media/ - Wells Fargo today announced the issuance of an Inclusive Communities and Climate Bond, its first Sustainability Bond, which will fund projects and programs that support housing affordability, socioeconomic opportunity, and renewable energy. The transaction builds on Wells Fargo’s expertise in and history of underwriting green, social, and sustainability bonds, and advances the company’s commitment to accelerate a more inclusive and sustainable economy.