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WELLS FARGO
ANNOUNCES
HOUSING
ASSISTANCE
EFFORTS
Wells Fargo & Company has announced
additional efforts to help people stay in their
homes with funding for more than 500
nonprofits across the U.S., as 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 since March to help
nonprofits provide urgent housing services for
vulnerable populations.
"Wells Fargo continues to take steps
to support our customers, employees, and
communities in the wake of the COVID-19
pandemic," said Bill Daley, Vice Chairman of
Public Affairs at Wells Fargo. "ese grants
for nonprofits across the U.S. will provide a
critical safety net to help keep people housed
and are part of our philanthropic focus to
bring solutions to address housing security,
small business stability, and consumer
financial health."
e COVID-19 relief grants from
the Wells Fargo Foundation are intended
to enable national nonprofit housing
intermediaries, local housing counselors,
and nonprofit housing providers to support
housing stability for more than 100,000
renters and homeowners across the U.S.
facing financial challenges. Strategies include
expanding the capacity of housing counselors
to respond to renters and homeowners as
well as supporting nonprofits that provide
affordable rental homes and services.
"Wells Fargo is committed to the
importance of home for everyone in our
nation," said Eileen Fitzgerald, Head of
Housing Affordability Philanthropy with
the Wells Fargo Foundation. "Having a safe,
healthy, and affordable place to call home
is essential to help lay the foundation for
wellness, dignity, and economic opportunity.
In response to the COVID-19 crisis, as
far too many people are facing housing
instability, these grants will support
hundreds of nonprofit professionals and
their organizations whose missions are
to keep people in their homes and create
opportunities to have a home."
