NeighborhoodLIFT grants support affordable housing, housing counseling, behavioral health
Wells Fargo & Company (NYSE: WFC) today announced a total of $250,000 in
donations for three local nonprofits to help revitalize Denver-Aurora
neighborhoods through the Wells Fargo NeighborhoodLIFT
®
program.
Identified in collaboration with the city of Denver and city of Aurora,
the nonprofits support behavioral health programs and affordable housing
initiatives.
“Our Temporary Rental and Utility Assistance program is aimed at
promoting housing security among Denver residents who are working hard
but in need of support, and these funds will go a long way toward
helping that effort,” said Denver Mayor Michael B. Hancock. “Through
Wells Fargo’s NeighborhoodLIFT initiative, we’re able to expand and
enhance the housing counseling services offered to residents receiving
Temporary Rental and Utility Assistance, creating more stability for
them with pathways to home ownership.”
“Our Aurora@Home collaborative is a critical behavioral health effort
that assists those who are homeless, or at-risk of becoming homeless,”
said Aurora Mayor Pro Tem Marsha Berzins. “It also provides parents with
tools to end the cycle of poverty for their children. I can’t thank
Wells Fargo enough for providing hope, support and resources to
revitalize our city through the NeighborhoodLIFT program.”
The Wells Fargo Foundation will provide grants to the following
Denver-Aurora area nonprofits:
-
Brothers Redevelopment, Inc., will receive $62,500 to
support the Temporary Rental and Utility Assistance program. Created
as part of the Denver mayor's five-year affordable housing plan, which
is called Housing an Inclusive Denver, the program will help at-risk
residents remain in their homes. The Temporary Rental and Utility
Assistance program also will provide emergency rental and utility
assistance, housing counseling services and eviction prevention
counseling for low-income residents who are at risk of displacement.
These funds are intended to help mitigate involuntary displacement,
help residents avoid eviction and provide time to help connect
residents to alternative housing for longer term stability.
-
Northeast Denver Housing Center, Inc., will receive
$62,500 to support counseling and educational preparedness that help
low-to-moderate income households make informed housing decisions. The
center is partnering with Del Norte to administer the Temporary Rental
and Utility Assistance program to provide lasting solutions for
households facing short-term hardship and the risk of displacement and
eviction.
-
Aurora Mental Health Center will receive $125,000 to provide
supportive services associated with Aurora@Home, a collaborative of
approximately 16 organizations in the city of Aurora that assists
individuals and families who are homeless or at-risk of becoming
homeless. Funding will help furnish 63 households with 120 new beds
and additional furniture, provide training that helps participants
learn to negotiate rent, and provide career services such as resume
writing, interview training and computer skill development. In
addition, parents will be given tools so they can work with their
children to contribute to ending the cycle of poverty.
The grants are funded through Wells Fargo’s NeighborhoodLIFT
program,
which was launched in September 2017 for Denver and Aurora area
homebuyers with a $4.8 million commitment by Wells Fargo to boost local
homeownership and revitalize neighborhoods. Thus far, the
NeighborhoodLIFT program has created 206 homeowners in the area by
offering homebuyer education plus matching down payment assistance
grants. An additional 37 homebuyers have grants reserved and are in the
process of closing a home purchase.
“Wells Fargo cares about communities, and this collaboration is another
example of our efforts to create affordable and sustainable
homeownership in local neighborhoods,” said Patrice DeCorrevont,
Wells Fargo regional president. “The NeighborhoodLIFT program will help
hardworking families and individuals get on the path to achieve
homeownership with down payment assistance and homebuyer education.”
About NeighborhoodLIFT
NeighborhoodLIFT® program is the single largest corporate
philanthropic effort of its kind in Wells Fargo’s history. In
collaboration with NeighborWorks America, the Wells Fargo LIFT program
has helped create more than 17,550 homeowners in 57 communities since
2012. A video about NeighborhoodLIFT programs is posted on Wells
Fargo Stories.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, investments, mortgage, and consumer and
commercial finance through 8,200 locations, 13,000 ATMs, the internet
(wellsfargo.com) and mobile banking, and has offices in 42 countries and
territories 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. 25 on Fortune’s 2017 rankings of America’s largest
corporations. News, insights and perspectives from Wells Fargo are also
available at Wells
Fargo Stories.