Wells Fargo Donates $500,000 for Phoenix-Area Revitalization Efforts
August 29 2016 - 1:35PM
Business Wire
NeighborhoodLIFT® local initiative
grants to address homelessness, workforce development, and youth
programs; innovative program also creating homeowners in Maricopa
County
Wells Fargo & Company (NYSE:WFC) today announced a total of
$500,000 in donations for seven local nonprofits will help
revitalize Maricopa County neighborhoods through the Wells Fargo
NeighborhoodLIFT® program.
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The local grant recipients were identified in collaboration with
the City of Phoenix and Mayor Greg Stanton.
The Wells Fargo Foundation is providing grants to the following
Phoenix nonprofits:
- Arizona Women’s Education and
Employment – $50,000 grant to support women-owned small
businesses, economic development, and job programs.
- Mission Create aka The Armory –
$50,000 grant for economic development and small business
entrepreneurship for military veterans.
- Native American Connections,
Inc. – $125,000 grant for transitional housing services for the
homeless.
- Teach for America: Phoenix –
$50,000 grant to workforce development for teachers in Title 1
schools.
- UMOM New Day Centers, Inc. –
$125,000 grant to support transitional housing services for
homeless families and women.
- Greater Phoenix Urban League –
$50,000 grant for small business economic development, workforce
development and job programs.
- One N Ten, Inc. – $50,000 grant
to support transitional housing for homeless LGBT youth.
The grants are funded through the Wells Fargo’s
NeighborhoodLIFT® program that was expanded in 2016
for Maricopa County homebuyers with a $5 million commitment by
Wells Fargo to boost local homeownership and revitalize
neighborhoods.
“Each one of these grants will help a great organization and
address a key priority for our city – including support for
veterans, education, uplifting women and families and reengaging
under-served communities,” Mayor Stanton said. “Through
NeighborhoodLIFT, Wells Fargo is bringing our community closer
together and helping Phoenix grow its economy at all levels.”
The NeighborhoodLIFT program for Maricopa County follows the
Phoenix NeighborhoodLIFT program launched in 2012 that created 375
homeowners as a result of an $8 million investment by Wells Fargo.
Maricopa County is now one of 45 communities across the country
that will benefit from more than $307 million Wells Fargo has
committed through its LIFT programs.
“Wells Fargo cares about our communities and we are making these
investments to continue the revitalization effort to strengthen
Greater Phoenix,” said Pam Conboy, Wells Fargo Arizona Lead
Regional President. “These nonprofits are actively leading efforts
to help stabilize housing, create jobs and provide education
programs, and we believe these grants with add up to make a big
impact.”
In addition to the local grants, the
NeighborhoodLIFT® program is revitalizing
neighborhoods by providing down payment assistance to help more
local families achieve successful, sustainable homeownership. In
Maricopa County, more than 200 down payment assistance grants of up
to $7,500 are still available for eligible homebuyers. Wells Fargo
is collaborating with the City of Phoenix, national nonprofit
NeighborWorks America, and its local affiliate, Trellis, to
implement the program.
How to apply for NeighborhoodLIFT ® program
down payment assistance
To learn more about the matching down payment assistance program
eligibility requirements, visit www.NeighborhoodLIFT.com or contact
Trellis at (602) 258-1659.
About NeighborhoodLIFT
NeighborhoodLIFT® program is the single largest corporate
philanthropic effort of its kind in Wells Fargo’s history that
launched in February 2012. Since February 2012, LIFT programs
combined have helped create more than 12,000 homeowners in 45
communities. A video about LIFT programs is posted on Wells Fargo
Stories.
About Wells Fargo
In Arizona, Wells Fargo has 253 banking stores and more than
15,000 team members. Wells Fargo & Company (NYSE:WFC) is a
diversified, community-based financial services company with $1.9
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
8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and
mobile banking, and has offices in 36 countries and territories to
support customers who conduct business in the global economy. With
approximately 268,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was
ranked No. 27 on Fortune’s 2016 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy our customers’
financial needs and help them succeed financially. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Wells Fargo perspectives are also available at
Wells Fargo Blogs and Wells Fargo Stories.
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version on businesswire.com: http://www.businesswire.com/news/home/20160829005209/en/
Wells Fargo & CompanyMediaLori Brown,
602-378-4434brownlo@wellsfargo.comAlfredo Padilla,
213-253-3379alfredo.padilla@wellsfargo.com
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