Mortgage

Wells Fargo launches grant program to save communities from foreclosure

$11.4M program offered to help in the fight

Wells Fargo & Co. (WF) launched its new $11.4 UrbanLIFT community grant program to help accelerate economic recovery and neighborhood improvement projects in 25 cities, the company said in a press release.  

In addition, eligible nonprofits in cities that have substantial diverse populations and have been affected by foreclosures may apply for a grant.

"We’re committed to advance community stabilization in cities significantly impacted by the housing downturn and improving the quality of life for everyone in our communities," said Jon Campbell, executive vice president and head of Government and Community relations at Wells Fargo.

"UrbanLIFTwill help provide local nonprofits with additional resources they need to create safe, sustainable neighborhoods."

The eligible cities were determined as a part of an agreement with the U.S. Department of Housing and Urban Development, with approximately $458,000 available for each of the communities.  

Most Popular Articles

NAR bans “pocket listings”

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”

Nov 12, 2019 By

Latest Articles

Co-living startup Bungalow raises $47 million, including investment from Alex Rodriguez

Real estate startup Bungalow launched last year, offering a unique solution for finding affordable housing in some of the nation’s most expensive housing markets. Now, the company has raised $47 million from various investors, including A-Rod Corp., the investment firm founded and led by former MLB star Alex Rodriguez.

Nov 18, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please