Wells Fargo Awards Grants in Salt Lake City to Help Homeless
May 27 2015 - 3:28PM
Business Wire
Two local non-profit organizations to share
$500,000 in funding through Wells Fargo’s NeighborhoodLIFT® program
to help revitalize neighborhoods, prevent veteran and family
homelessness
Wells Fargo & Company (NYSE: WFC), today announced grants
totaling $500,000 for two nonprofits committed to assisting
veterans and families in Salt Lake City overcome homelessness
through the Wells Fargo NeighborhoodLIFT program.
The Road Home ($300,000) and The Community Foundation of Utah
($200,000) are receiving the grants to help prevent homelessness in
Salt Lake City. The grant recipients were selected in close
collaboration with Mayor Ralph Becker and the city’s division of
Housing and Neighborhood Development to help address key local
initiatives in the Salt Lake City community including homelessness
prevention programs.
“I know support from the Wells Fargo NeighborhoodLIFT program
will make a difference for Salt Lake,” Mayor Becker said. “My hope
is that projects and programs funded by these grants will help Salt
Lake be known as the community that makes sure that all of the
homeless get the shelter and services they need and deserve.”
The combined $500,000 in grants is part of the Wells Fargo Salt
Lake City NeighborhoodLIFT program that invested a total of $5
million to help boost homeownership in the community. The program
is also helping create more than 200 Salt Lake homeowners with the
help of a NeighborhoodLIFT program $15,000 down payment assistance
grant after completing homebuyer education. Grants may be available
for reservation by contacting NeighborWorks Salt Lake or a Salt
Lake City-based Wells Fargo Home Mortgage consultant.
“We’re proud to do our part to help Salt Lake City
neighborhoods,” said Dee O’Donnell, Wells Fargo regional president.
“We believe these nonprofits are doing exceptional work in the
community and these funds will add up to make a big impact for the
Salt Lake City community.”
In Salt Lake City, the $15,000 down payment assistance grants
were administered by NeighborWorks Salt Lake and awarded to
eligible homebuyers with annual incomes that do not exceed 120
percent of the Salt Lake City area median income – which is about
$82,450 for a family of four. Approximately 70 grants are still
available for eligible homebuyers in the Salt Lake City area.
Since 2012, with a combined $242 million investment by Wells
Fargo, LIFT programs have been introduced to 34 communities deeply
affected by the housing crisis. The program has created nearly
9,500 homeowners, with the help of down payment assistance and
homebuyer education. A video about the NeighborhoodLIFT program is
posted on the Wells Fargo YouTube Channel.
Wells Fargo collaborated with the Wells Fargo Foundation, Salt
Lake City, NeighborWorks America and its local affiliate,
NeighborWorks Salt Lake, to implement the program.
About Wells Fargo
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, 12,500 ATMs, and the internet (wellsfargo.com),
and has offices in 36 countries to support customers who conduct
business in the global economy. With approximately 265,000 team
members, Wells Fargo serves one in three households in the United
States. Wells Fargo & Company was ranked No. 29 on Fortune’s
2014 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.
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Media contacts:Wells Fargo & CompanyTony Timmons,
702-791-6521anthony.timmons@wellsfargo.comChris Hammond,
415-310-9152chris.l.hammond@wellsfargo.com
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