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National nonprofit Operation Homefront and Wells Fargo are partnering to donate up to $500,000 in bank-owned properties to military families.
Wells Fargo ($40.24 0.23%) is providing the properties to support Operation Homefront, a nonprofit that provides aid and assistance to military families.
Operation Homefront's program "Homes on the Homefront" offers transitional services to families until properties are turned over to military residents.
Families that qualify for the homes will be active duty, Guard or Reserve or military members who have been honorably discharged. In addition, they cannot currently be a homeowner and must be financially capable of sustaining the home throughout the initial transition period and beyond.
"Operation Homefront is thrilled to welcome Wells Fargo as a partner for our Homes on the Homefront program," said Jim Knotts, Operation Homefront CEO. "Wells Fargo’s assistance with the program ensures that more veterans and their families will be able to grow and move forward following their transition from the military."
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