Wells Fargo Housing Foundation grant for
NeighborWorks America Safe and Sound initiative to help improve or
replace 50 substandard homes in nine rural communities
Wells Fargo & Company (NYSE:WFC) today announced the Wells
Fargo Housing Foundation will donate $1 million to NeighborWorks
America and serve as lead funder of the national nonprofit’s new
Safe and Sound rural initiative. The collaborative effort aims to
help strengthen nine rural communities and improve lives by
rehabilitating or replacing 50 substandard owner-occupied
homes.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20150727005390/en/
Through the Safe and Sound rural initiative, NeighborWorks
America will award $128,500 to each of nine nonprofits as part of
the overall $1.2 million program.
2015 NeighborWorks America Safe & Sound rural grant
recipients are:
1. Burlington, Vt.: Champlain Housing Trust
2. Elizabethtown, N.Y.: Housing Assistance Program of
Essex County
3. Great Falls, Mont.: NeighborWorks Great Falls
4. Kingston, N.Y.: RUPCO
5. Rochester, N.Y.: PathStone Corporation
6. Roseburg, Ore.: NeighborWorks Umpqua
7. Russellville, Ark.: Universal Housing Development
Corporation
8. Sisseton, S.D.: GROW South Dakota
9. Visalia, Calif.: Self-Help Enterprises
The grants will enable recipients to bring substandard rural
homes up to state and federal housing codes through rehabilitation
or replacement with Energy Star-rated factory-built homes. The
revitalization effort will also focus on increasing energy
efficiency and improving air and water quality in each of the
homes.
NeighborWorks America’s Safe and Sound rural initiative grants
were awarded as part of a competitive application process held
earlier this year with criteria including feasibility, capacity,
work quality, Green standards and removing health risks for the
homeowner. NeighborWorks America’s training curriculum in housing
rehabilitation, green applications and development with
factory-built housing will be made available to the grant
recipients.
“Wells Fargo is delighted to team with NeighborWorks America
with this commitment to revitalize homes in rural communities,”
said Connie Wright, assistant director, Wells Fargo Housing
Foundation. “While we are encouraged to see improvement in many
housing markets, sustainable and affordable housing continues to be
a critical need in communities of all sizes. We understand we can’t
solve these challenges on our own and when the public and private
sector work together it can add up to make a huge difference for
the community.”
The Wells Fargo Housing Foundation grant to the Safe and Sound
initiative comes as a new survey from NeighborWorks America
suggests that adults in rural regions of the United States are not
as satisfied as their counterparts in urban and suburban areas.
According to the study, rural residents generally feel worse about
their local economy and job outlook than the national average with
just one-third rating their economy and job situation as better
than the national average. This compares to 48 percent of suburban
residents and 57 percent of urban dwellers feeling positive about
their local economy and job outlook. According to the U.S. Census
Bureau, nearly 20 percent of people and 5.3 million veterans live
in rural regions in the United States.
David Dangler, director of the Rural Initiative at NeighborWorks
America, said, “NeighborWorks America is working hard to invest in
upgrading homes in rural areas and spotlight the unique challenges
of adults in rural parts of the country. We are also making rural
homes more energy efficient, so fewer people have to make tough
choices between food or fuel.”
About NeighborWorks America
For more than 35 years, NeighborWorks America has created
opportunities for people to improve their lives and strengthen
their communities by providing access to homeownership and safe,
affordable rental housing. In 2014, NeighborWorks America and its
network created or sustained 35,000 jobs, and in the last five
years, member organizations generated more than $24.5 billion of
reinvestment in these communities. NeighborWorks America is the
nation’s leading trainer of community development, financial
capability and affordable housing professionals. For more
information about the NeighborWorks America’s Rural Initiative,
visit neighborworks.org/Community/Rural.
About Wells Fargo (Twitter @WellsFargo)
Since its inception in 1993, the Wells Fargo Housing Foundation
has invested more than $150 million in support of affordable
housing and neighborhood revitalization efforts along with
mobilizing more than 4.6 million team member volunteer hours to
build and rehabilitate more than 5,500 homes and counting.
Wells Fargo & Company (NYSE:WFC) is a nationwide,
diversified, community-based financial services company with $1.7
trillion in assets. Founded in 1852 and headquartered in San
Francisco, Wells Fargo provides banking, insurance, investments,
mortgage, and consumer and commercial finance through more than
8,700 locations, 12,800 ATMs, and the internet (wellsfargo.com) and
mobile banking, and has offices in 36 countries to support
customers who conduct business in the global economy. With
approximately 266,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was
ranked No. 30 on Fortune’s 2015 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy all our customers’
financial needs and help them succeed financially. Wells Fargo
perspectives are also available at Wells Fargo Blogs and Wells
Fargo Stories.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150727005390/en/
MediaWells Fargo & CompanyChris Hammond,
415-222-4106Chris.L.Hammond@wellsfargo.com@ChrisHammondWForNeighborWorks
AmericaLindsay Moore, 202-760-4059lmoore@nw.org@NeighborWorksPR
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Sep 2023 to Sep 2024