The Wells Fargo Housing Foundation completed its 5,000th volunteer home build this week in the city where its first volunteer build occurred 20 years ago. The 20th anniversary build celebrates 4.7 million hours of volunteering by more than 192,000 Wells Fargo & Company team members to support affordable housing projects.
The Wells Fargo (WFC) Housing Foundation has invested more than $278 million dollars to support affordable housing and community revitalization programs. This includes $39 million in grants to credit and housing counseling agencies.
The Foundation has also provided more than $18 million in grants via the Leading the Way Home Program Priority Markets Initiatives, which offers grants for large building or renovation projects.
"We congratulate the Wells Fargo Housing Foundation Team Member Volunteer program on reaching this incredible milestone," said Jonathan Reckford, CEO of Habitat for Humanity International. "All of us at Habitat are grateful for the efforts of the volunteers and the Wells Fargo Housing Foundation who have partnered with thousands of low-income families to make sustainable homeownership possible."
"Rebuilding Together and its affiliate network applaud the many hours dedicated by Wells Fargo team member volunteers to rebuild the homes and lives of low-income families across the country," said John L. Fiegel, interim president and CEO of Rebuilding Together. "We congratulate the Wells Fargo Housing Foundation on its 20th anniversary and look forward to working with you to provide more safe and healthy housing in the future."
Last year, Wells Fargo’s total philanthropy and community relations efforts resulted in $315.8 million in investments with 19,500 nonprofits. This includes $15 million for credit and housing counseling agencies.
These efforts were supported by more than 1.5 million volunteer hours valued at $32.7 million by more than 57,000 Wells Fargo team members.