Wells Fargo's collaboration with NeighborWorks America to give down payment grants has helped more than 11,000 homeowners across 40 communities own their home after participating in Wells Fargo LIFT programs.
First introduced in 2012 with Neighborhood LIFT program, Wells Fargo and NeighborWorks created the effort with the goal to accelerate local economic recovery in the aftermath of the housing crisis, boost sustainable homeownership and advance neighborhood revitalization.
Overall, Wells Fargo has paid $300 million in LIFT programs to provide down payment assistance grants, program support and homebuyer education.
From March 4 through 5, they will introduce the Neighborhood LIFT program in San Diego County, and in Philadelphia from April 1 to 2. Since 2012, the programs have launched in 40 communities.
“The reaction we receive from homebuyers receiving a down payment assistance grant is true excitement,” said Kim Smith-Moore, LIFT programs national manager with Wells Fargo Home Mortgage. “Having completed homebuyer education, these 11,000 families and individuals are better prepared to be successful and sustainable homeowners over time.”