Wells Fargo

Eileen Fitzgerald to Lead Wells Fargo’s Housing Affordability Philanthropy

Industry veteran brings experience in rental, homeownership, policy
Press Release

SAN FRANCISCO, August 7, 2019 /3BL Media/ – Wells Fargo today announced that Eileen Fitzgerald will join the company as head of its housing affordability philanthropy. She begins work Sept. 30 and will report to Brandee McHale, president of the Wells Fargo Foundation.

Alaska Homeownership to Get $3.3 Million Boost

NeighborhoodLIFT program to offer homebuyer education plus $10,000 down payment assistance grants for Alaska homebuyers; $12,500 grants for veterans, military, teachers and first responders
Press Release

ANCHORAGE, Alaska, Aug. 7, 2019 /3BL Media/ – Wells Fargo & Company (NYSE:WFC), NeighborWorks® America and its network member NeighborWorks Alaska HomeOwnership Center today announced the NeighborhoodLIFT® program will launch for Alaska with a $3.3 million philanthropic commitment by Wells Fargo to boost homeownership.

A Source for Affordable Capital to Aid Small Business Growth

California Capital and other Community Development Financial Institutions in low-income communities across the U.S. serve as an economic lifeline for local residents and small businesses in need of financing.
Article

When Jameka Smith saw an opportunity in 2017 to shift her career from veterinary pharmaceutical sales to owning her own animal hospital, she knew she would need access to affordable capital to buy the business. Traditional financing, however, was something that proved harder to obtain than she had anticipated.

Wells Fargo Donates $500,000 for Chicago Housing, Education and Neighborhood Revitalization

Chicago NeighborhoodLIFT® program awards local initiative grants to four nonprofits serving the Austin community
Press Release

CHICAGO, August 1, 2019 /3BL Media/ – Wells Fargo & Company (NYSE: WFC) today announced $500,000 in donations to four local nonprofits to support housing, education and neighborhood revitalization for Chicago residents.

“The work being done by these nonprofits will empower families and individuals by providing new opportunities in key areas such as housing, education, community resources and more,” said Nirag Patel, Wells Fargo community banking district manager in Chicago. “We’re hopeful this effort will make a positive impact in the Austin neighborhood of Chicago.”

Wells Fargo Donates Additional $7.9 Million for Small Business Growth

Diverse Community Capital program already supports 16,000 business loans, helped create more than 103,000 jobs across country
Press Release

SAN FRANCISCO, July 26, 2019 /3BL Media/ - Wells Fargo announced another new boost to diverse small businesses today with $7.9 million in grants from its Diverse Community Capital program, which offers

The Housing Affordability Crisis Episode 4: Driving Toward Solutions

What happens next?
Blog

In this special 4-part video series, Wells Fargo brings together problem solvers to discuss the housing affordability crisis in America, including Marc H. Morial, President of the National Urben League; Cerita Battles, Wells Fargo Home Mortgage; Keith Fairey, Enterprise Community Partners; Wells Fargo Senior Economist, Mark Vitner; and Vince Toye, Wells Fargo Community Lending and Investments.

The Housing Affordability Crisis Episode 3: Turning the Tide

How do we fix this? Experts identify actions policymakers, communities, and banks can take now to spark systemic change and solve the housing affordability crisis.
Blog

In this special 4-part video series, Wells Fargo brings together problem solvers to discuss the housing affordability crisis in America, including Marc H. Morial, President of the National Urben League; Cerita Battles, Wells Fargo Home Mortgage; Keith Fairey, Enterprise Community Partners; Wells Fargo Senior Economist, Mark Vitner; and Vince Toye, Wells Fargo Community Lending and Investments.

The Housing Affordability Crisis: the Contributing Factors

Wells Fargo video series brings together experts to discuss the housing affordability crisis in America — and how to bring about systemic change.
Blog

Wells Fargo recently committed $1 billion by 2025 to help solve the nation’s housing affordability challenges. In this special series, Wells Fargo brings together problem solvers to discuss the housing affordability crisis in America — and how to bring about systemic change.

Episode 1: America’s Housing Affordability Problem

What makes housing affordability a looming crisis? Top experts discuss a legacy of the housing bust that is impacting millions of Americans across income levels and the U.S. economy at large.
Blog

Wells Fargo recently committed $1 billion by 2025 to help solve the nation’s housing affordability challenges. In this special series, Wells Fargo brings together problem solvers to discuss the housing affordability crisis in America — and how to bring about systemic change.

Housing Affordability: An American Crisis

In this special series, Wells Fargo brings together problem solvers to discuss the housing affordability crisis in America — and how to bring about systemic change.
Blog

The lack of affordable housing in the U.S. is putting millions of people at the edge of crisis. Too many Americans are spending more than 50% of their income to keep a roof over their heads, experts say, and the crisis is costing the U.S. economy billions each year. In this special series, Wells Fargo brings together problem solvers to discuss the housing affordability crisis in America — and how to bring about systemic change.

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