As the Bay Area grapples with COVID-19 economic recovery, $9.5 million effort helps 350 low- and moderate-income residents
SAN FRANCISCO, December 2, 2020 /3BL Media/ -In the Bay Area, more than four in 10 renters pay over 30% of their income on housing. Additionally, nearly 25% of renters are severely cost-burdened, paying over half of their income on housing, according to the Joint Center for Housing Studies of Harvard University.
“You are going into the land of your Ancestors. Do not be afraid. They are waiting for you.” These were the words my Kaach.ádi clan Elder, Kaanak Ruth Demmert (PDF), spoke to us as we began our eight-day yaakw (canoe) journey from Kéex’ Kwáan, our community of Kake, to Juneau, Alaska. I had no idea what was going to happen, but I knew I needed to do it.
November 13, 2020 /3BL Media/ - Wells Fargo Co. and Hiring America have collaberated to produce a two-part television series showcasing a veteran entrepreneurial competition tour hosted by Bunker Labs – a non-profit helping veterans “get started” and build their own businesses through focused support.
Alaska’s Cook Inlet Lending Center and South Dakota’s Black Hills Community Loan Fund receive grants for work to support Native communities impacted by the pandemic
WASHINGTON, November 10, 2020 /3BL Media/ — Last night, the Native CDFI Awards honored two Native community development financial institutions (CDFIs) — Cook Inlet Lending Center in Alaska and Black Hills Community Loan Fund in South Dakota — for their unique approaches to helping Native-owned small businesses survive the COVID-19 pandemic.
ALEXANDRIA, Va., November 11, 2020 /3BL Media/—Wells Fargo Foundation has awarded Volunteers of America National Services (VOANS) with a $3 million grant to develop permanent supportive affordable homes for previously homeless veterans using innovative construction techniques while also supporting much needed construction job training for veterans.
NEW YORK, November 5, 2020 /3BL Media/—Today the Bob Woodruff Foundation (BWF) announced a collaboration with the Wells Fargo Foundation (WFF) to address veteran homelessness and housing instability exacerbated by COVID-19. For many veterans, their ability to maintain safe and stable housing is threatened by legal, mental health, employment, and financial issues, made worse due to the current crisis. With the support of Wells Fargo, BWF will address urgent financial needs and invest in long-term solutions to help vulnerable veterans keep a roof over their heads.
Homeownership initiative expands with $7 million investment in down payment assistance for low- and moderate-income residents
MINNEAPOLIS, October 15, 2020 /3BL Media/ –Homeownership rates among people of color in Minneapolis and St. Paul, Minn., demonstrate the highest disparity in the U.S. with a glaring 50% racial equity gap between White and Black homeowners, according to the Urban Institute.
Wells Fargo Foundation grant is part of $175 million commitment to assist communities impacted by COVID-19
WEST SACRAMENTO, Calif., October 9, 2020 /3BL Media/ - Rural Community Assistance Corporation today announced a $300,000 Wells Fargo Foundation grant, which will enable the Community Development Financial Institution (CDFI) to support communities most impacted by COVID-19. RCAC’s response to the crisis began in February and will continue in 2021 and beyond.
Will Bring Capital to Tribal Communities for Small, Housing
LONGMONT, Colo., October 7, 2020 /3BL Media/ – Oweesta Corporation (Oweesta) announced a $5 million grant from the Wells Open Business Fund, which will enable the Native Community Development Financial Institution (CDFI) intermediary to launch the Native American COVID-19 Disaster Recovery Fund. This $15 million fund is designed to provide Native CDFIs the long-term, low-cost capital necessary that they need to mobilize COVID-19 economic response and recovery efforts in their tribal communities.