USA Homeownership Foundation Receives $100,000 Grant From Wells Fargo Foundation to Assist Military and Veteran Families With Rental and Mortgage Counseling and Education Due to COVID-19 Crisis
CORONA, Calif., May 21, 2020 /3BL Media/ – USA Homeownership Foundation, Inc. DBA Veterans Association of Real Estate Professionals (VAREP) today announced a $100,000 grant from the Wells Fargo Foundation which will enable the nonprofit HUD Approved Housing Counseling agency to continue to provide financial education workshops, foreclosure prevention and rental counseling to the military and veteran communities across nationwide during the Covid-19 crisis.
"There are many military and veteran families that need our housing counseling services, especially during the COVID-19 pandemic," said Son Nguyen, Founder and President, USA Homeownership Foundation. "We are the only national housing nonprofit that focuses specifically on serving the ones who have served us. This grant comes at a very critical time and we are grateful to the Wells Fargo Foundation for partnering with us to serve our heroes."
The grant for USA Homeownership Foundation/VAREP is part of the Wells Fargo Foundation’s $175 million commitment to assist people and communities in response to COVID-19. More than 300 grants have already been made by Wells Fargo since March to help nonprofits provide urgent housing services for vulnerable populations that combined will assist more than 100,000 renters and homeowners facing financial challenges. The Wells Fargo Foundation philanthropy strategy is focused on keeping people in their homes, small business support and financial health in collaboration with national and local organizations.
"During this unprecedented time, too many people including military service members and veterans are struggling financially and facing housing instability," said Eileen Fitzgerald, head of housing affordability philanthropy with the Wells Fargo Foundation. "Wells Fargo has a deep commitment to advance housing affordability solutions. We are proud to support the work of VAREP as they serve a vital role in helping renters and homeowners facing financial difficulties."
About USA Homeownership Foundation DBA VAREP
Established in 2011, the USA Homeownership Foundation, Inc. DBA Veterans Association of Real Estate Professionals (VAREP), is a nonprofit 501(c)(3) and HUD-approved housing counseling organization dedicated to increasing sustainable homeownership, financial-literacy education, VA loan awareness, and economic opportunity for the active-military and veteran communities.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.98 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, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.