"This is a tremendous commitment by Wells Fargo to support homeowners and communities. This is the kind of public-private collaboration that can help communities tackle difficult challenges and families realize their goal of sustainable home ownership.”
-Eileen Fitzgerald, CEO of NeighborWorks America
In January 2012, NeighborWorks America announced a collaboration with the Wells Fargo Foundation to provide homeownership opportunities and to stabilize communities affected by foreclosure. This initiative, called Neighborhood LIFT™, provides access to homebuyer education and downpayment assistance, and helps connect potential homeowners to available properties in their area. So far, $27 million has been allocated for downpayment assistance.
How It Works
The Wells Fargo Foundation provides grants for downpayment assistance through NeighborWorks America to local NeighborWorks organizations and/or nonprofits. At the two-day launch event in each city, potential homebuyers can find out if they qualify for the down payment assistance program. Also at the event, the local nonprofits enroll homebuyers in required pre-purchase education and homebuyers have the opportunity to tour available neighborhood properties.
Currently, NeighborhoodLIFT™ is in the following cities - local partners and downpayment assistance program impact also listed:
City | Local Partner |
Los Angeles, California | Los Angeles Neighborhood Housing Services |
Atlanta, Georgia | NeighborWorks Columbus Invest Atlanta Resources for Residents in Communities (RRC) |
Phoenix, Arizona | Neighborhood Housing Services of Phoenix |
Las Vegas, Nevada | Neighborhood Housing Services of Southern Nevada |
Houston, Texas | Avenue CDC Fifth Ward CRC Tejano Center for Community Concerns |
Miami, Florida | Neighborhood Housing Services of South Florida |
Tampa, Florida | Tampa Bay CDC CDC of Tampa Housing Partnership, Inc. |
Orlando, Florida | In Charge Debt Solutions HANDS of Central Florida Housing Partnership, Inc. |
Jacksonville, Florida | Family Foundations Wealth Watchers, Inc. Housing Partnership, Inc. |
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