Tag Archives: Leading the Way Home

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Wells Fargo gives $200K to Chicanos Por La Causa

Wells Fargo & Company announced it has donated $200,000 to Chicanos Por La Causa, Inc. (CPLC) through its 2014 Leading the Way Home® program Priority Markets Initiative to  help stabilize and revitalize neighborhoods impacted by the economy.   The Leading The Way Home® program Priority Markets Initiative provides grant support for neighborhood stabilization projects that are located in areas designated for revitalization to stimulate growth, stability and investment in distressed areas.  This grant was part of a $6 million grant initiative awarded to 54 nonprofits across the country.

“Wells Fargo is proud to provide support to enable Chicanos Por La Causa to continue its work to stabilize and revitalize our local communities,” said Pam Conboy, lead regional president for Wells Fargo Arizona. “Community support and neighborhood revitalization is a key focus for our company and we believe the work of the nonprofit community is a critical conduit to revitalize neighborhoods in cities that have been deeply affected by the challenging economy.”

CPLC is actively involved and experienced in community revitalization efforts and was identified by Wells Fargo as being in need of extra help with large-scale neighborhood revitalization projects. Priority Markets Initiative program grants can be used for any costs associated with the development or redevelopment of the project. Recipients must be an IRS 501c3 organizations with successful histories of building or renovating housing for low-to moderate-income homebuyers.

“We appreciate and thank Wells Fargo for their visionary work and investment in community revitalization,” said Edmundo Hidalgo, CPLC President and CEO. “We look forward to distributing the funding to ensure that quality affordable homes are available in our community; continue to help stabilize housing values and preserve neighborhoods; and empower potential homebuyers to make educated decisions when purchasing a home.”

CPLC will use the grant funds to rehabilitate 10 properties in three distressed Phoenix zip codes and provide down payment assistance to 10 homebuyers at or below 80 percent of the area median income.  The organization has a long-standing history of providing the tools necessary to empower individuals, families, and communities to achieve their aspirations and become self-sufficient. In fact, CPLC successfully led a national consortium to revitalize markets in eight states through the Neighborhood Stabilization Program 2. CPLC understands that having a safe and comfortable place to live is fundamental for families to live healthy and prosperous lives.

Since 2009, the Wells Fargo Housing Foundation Priority Markets Program has provided more than $30 million across 100 communities.

Since 1993, the Wells Fargo Housing Foundation has stewarded nearly $300 million to nonprofits in support of affordable housing and community revitalization programs. Wells Fargo Housing Foundation programs have also delivered 4.7 million volunteer hours to build or rehabilitate more than 5,000 homes during the past two decades.

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Wells Fargo Supports Neighborhood Revitalization

Wells Fargo & Company announced it will donate $75,000 to Native American Connections (NAC) of Phoenix as part of a $6 million in grants awarded across 67 nonprofits through its 2013 Leading the Way Home® program Priority Markets Initiative to  help stabilize and revitalize neighborhoods impacted by the economy.   The Leading The Way Home® program Priority Markets Initiative provides grant support for neighborhood stabilization projects that are located in areas designated for revitalization to stimulate growth, stability and investment in distressed areas.

“Wells Fargo is bringing much needed support to enable these nonprofits to help stabilize and revitalize local communities,” said Michael Riley, Metro West area president for Wells Fargo Arizona. “We believe the work of the nonprofit community is a critical conduit to revitalize neighborhoods in cities that have been deeply affected by the challenging economy.”

Native American Connections, is actively involved and experienced in community revitalization efforts and was identified by Wells Fargo as being in need of extra help with large-scale neighborhood revitalization projects. Priority Markets Initiative program grants can be used for any costs associated with the development or redevelopment of the project. Recipients must be an IRS 501c3 organizations with successful histories of building or renovating housing for low-to moderate-income homebuyers.

“Native American Connections first partnered with Wells Fargo in 2004 for our very first Low-Income Housing Tax Credit (LIHTC) development,” said Diana Yazzie Devine, NAC chief executive officer. “The experience helped us grow our capacity to develop high quality, affordable housing serving a range of our client’s needs throughout central Phoenix.  Wells Fargo supports NAC’s strategies of building along Phoenix’s new light rail system, selecting difficult urban infill sites that increase density, reduce parking, building green, and embracing our mission of ensuring our residents have access to much-needed support systems and employment. We would like to thank Wells Fargo for their years of continued support and we look forward to our work together in the future.”

Native American Connections will use the grant funds to make additional energy efficiency improvements to Urban Living on 2nd (UL2), and to further reduce building operating costs and individual unit energy costs.  UL2, opening January 2014, is a 70-unit LIHTC development offering affordable housing along the light rail line at 650 North 2nd Avenue in Phoenix.  Wells Fargo provided construction financing for the project.
Wells Fargo’s Leading the Way Home® community outreach program helps communities stabilize their current housing situation while advancing homeownership to build strong communities into the future. Since 2009, the Leading the Way Priority Markets Initiative grant program, funded through the Wells Fargo Housing Foundation, has provided more than $25 million to nearly 100 communities.

The Leading the Way Home Program Priority Markets Initiatives are administered through the Wells Fargo Housing Foundation. Since 1993, the Wells Fargo Housing Foundation has invested more than $284 million in support of affordable housing and community revitalization programs, and delivered 4.7 million in volunteer hours to build or rehabilitate more than 5,000 homes.

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Newtown CDC Receives $150,000 Grant from Wells Fargo

Wells Fargo announced it has donated $150,000 to Newtown Community Development Corporation as part of $6 million in grants awarded across 59 nonprofits through its Leading the Way Home Priority Markets Initiative to help stabilize and revitalize neighborhoods hard-hit by the economy.   The Leading the Way Home Priority Markets Initiative provides grant support for neighborhood stabilization projects that are located in areas designated for revitalization to stimulate growth, stability and investment in distressed areas.

The grant will help to provide down payment assistance toward the purchase of vacant REO properties in Chandler and help fund the Newtown CDC’s Recoverable Rehab Loan Program that provides home rehabilitation loans for CLT homes in Tempe and Chandler.

“Community support is at the heart of our Vision & Values and these grants will help stabilize, rebuild and sustain local communities,” said Pam Conboy, lead regional president for Wells Fargo Arizona.  “We are so pleased to assist Newtown Community Development Corporation in their efforts to provide affordable housing and revitalize neighborhoods in the East Valley.”

“We are delighted to receive this generous grant from Wells Fargo,” said Allen Carlson, executive director of Newtown Community Development Corporation.  “It will go a long way to helping us in our mission to provide homeowners with the assistance they need receive much needed rehabilitation loans and help qualified prospective and existing homeowners receive down payment assistance.”

Newtown CDC was selected from requests submitted by local team members and nonprofits Wells Fargo identified as being in need of extra help with large-scale neighborhood revitalization projects.

Wells Fargo’s Leading the Way Home community outreach program helps communities stabilize their current housing situation while advancing homeownership to build strong communities into the future.  From 2008 through October 2012, Wells Fargo has invested more than $148 million in community revitalization programs and $40 million in support of housing and credit counseling services.

The Leading the Way Home Priority Markets Initiatives are administered through the Wells Fargo Housing Foundation. Since 2009 the Leading the Way Home Priority Markets Initiative grant program has provided more than $18 million to more than 75 communications.  Since its inception in 1993, the Wells Fargo Housing Foundation has stewarded nearly $200 million and 4.5 million team member volunteer hours in support of creating affordable housing and community revitalization programs.  Wells Fargo Housing Foundation’s Team Member Volunteer Program has mobilized more than 175,000 volunteers to build or refurbish 4,0oo homes in low-to-moderate income communities.  In 2011, Wells Fargo Housing Foundation programs delivered a record 1,245 donated properties to support local affordable housing and community revitalization programs.