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.
New initiative will help unbanked Black and African Americans, Hispanics, and Native Americans have easier access to low-cost banking
NEW YORK, May 18, 2021 /3BL Media/ -- Wells Fargo today announced the Banking Inclusion Initiative, a 10-year commitment to help unbanked individuals gain access to affordable, mainstream, digitally-enabled transactional accounts – a meani