Wells Fargo Donates $500,000 for San Diego-Area Revitalization Efforts
December 07 2016 - 1:58PM
Business Wire
Local NeighborhoodLIFT grants address community
revitalization, workforce development, youth programs and
homeownership for San Diego
Wells Fargo & Company (NYSE:WFC) today announced a total of
$500,000 in donations for six local nonprofits that will help
revitalize San Diego neighborhoods through the Wells Fargo
NeighborhoodLIFT® program.
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The local grant recipients were identified in collaboration with
City of San Diego Mayor Kevin Faulconer and National City Mayor Ron
Morrison. The Wells Fargo Foundation is providing grants to the
following San Diego nonprofits:
- A Reason to Survive – $100,000
grant to support a three-year initiative that will transform
underutilized and blighted areas through 30 art projects that will
engage more than 2,000 students in San Diego's South Bay
region.
- Saint Vincent de Paul Village,
Inc. – $100,000 grant to serve 1,000 people with employment
skills, computer skills, resume and interview preparation and more
to address underlying causes of homelessness and joblessness.
- San Diego Housing Commission –
$100,000 grant to provide housing opportunities for up to 1,000
homeless veterans in the city of San Diego. The “Housing Our
Heroes” campaign incentivizes landlords to rent to homeless
veterans through assistance with pre-inspections, utilities,
dedicated housing specialists and more.
- Local Initiatives Support
Corporation – $75,000 grant to connect low-wage residents with
skills and training for career paths leading to higher paying jobs
in healthcare, hospitality, telecommunications and construction
with a focus on energy efficiency.
- Veterans Association of North
County – $75,000 grant to provide veterans with an intensive
training program that will allow them to enter the
telecommunications industry upon completion of active duty.
- Center for Employment Training
(CET) – $50,000 grant to provide job training for careers in
solar panel installation, carpentry, plumbing, electrical and
welding. In addition, CET will partner with GRID Alternatives to
provide up to 40 informational sessions to new homeowners on the
benefits of solar panels for energy efficiency and cost
savings.
The grants are funded through Wells Fargo’s NeighborhoodLIFT
program that was launched in March 2016 for San Diego homebuyers
with a $5 million commitment by Wells Fargo to boost local
homeownership and revitalize neighborhoods. NeighborhoodLIFT will
create about 450 homeowners in San Diego through homebuyer
education plus matching down payment assistance grants up to
$7,500.
Wells Fargo is collaborating with the City of San Diego,
National City, national nonprofit NeighborWorks America, and its
local network member, NHSIE, to implement the program. More than
400 down payment assistance grants are still available and
interested homebuyers may contact NHSIE or Wells Fargo Home
Mortgage in San Diego for information about eligibility
requirements.
“There’s no better way to help create economic equality in San
Diego than providing opportunities to those who need it most,” said
Mayor Kevin L. Faulconer. “I know that these six organizations will
use the grants from Wells Fargo to improve the lives of countless
San Diegans.”
“This opportunity for A Reason to Survive (ARTS) in National
City to continue their great work of instilling community pride and
distinction through dramatic public art is a huge plus for families
and neighborhoods,” said Mayor Ron Morrison. “Thank you, to Wells
Fargo for understanding what it really takes to make vibrant
communities and getting the grand prize for innovative thinking and
action!”
The Wells Fargo NeighborhoodLIFT local initiative grants for San
Diego will provide support for community revitalization, workforce
development and youth programs.
“Wells Fargo cares about our communities and we are making these
investments to continue the revitalization effort to strengthen San
Diego,” said Celia Lanning, Wells Fargo Greater San Diego Region
President. “These nonprofits are actively leading efforts to help
stabilize housing, create jobs and provide youth education
programs, and we believe these grants with add up to make a big
impact.”
About NeighborhoodLIFT
NeighborhoodLIFT® program is the single largest corporate
philanthropic effort of its kind in Wells Fargo’s history. Since
February 2012, LIFT programs combined have helped create more than
12,700 homeowners in 48 communities. A video about LIFT programs is
posted on Wells Fargo Stories.
About Wells Fargo
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 42 countries and territories to support customers
who conduct business in the global economy. With approximately
269,000 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. News, insights and perspectives from
Wells Fargo are also available at Wells Fargo Stories.
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version on businesswire.com: http://www.businesswire.com/news/home/20161207005233/en/
Wells Fargo & CompanyMediaLuis Gonzalez,
619-204-3226Luis.Gonzalez@wellsfargo.comorStephanie Grant,
760-317-6505Stephanie.Grant2@wellsfargo.com
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