Wells Fargo Pledges $1B to Tackle Housing Challenges


credit: The Guardian

To deal with challenges in construction, financing and support services for low- and moderate-income families, seniors and the homeless, Wells Fargo stated it had become also launching a $20 million Housing Affordability Challenge grant targeted at uncovering new, faster methods to boost the availability and sustainability of affordable housing.

This is a part of an overhaul its corporate philanthropy strategy to focus on housing affordability, small-business growth and the financial health of individuals. The bank has committed to allocate $1 billion by 2025.

America’s housing affordability crisis isn’t limited to metropolitan areas around the East and West Coasts, according to Jon Campbell, head of Corporate Philanthropy and Community Relations at Wells Fargo

Wells Fargo intends to bring local and national nonprofits and policy leaders together to better understand and address the entire spectrum of housing affordability, from being homeless to rental housing to homeownership, and unlock more housing choices for individuals in need of assistance. Read the Entire Article


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