Wells Fargo to donate $6 million across 67 nonprofits to help stabilize communities

New 2013 Leading the Way Home® program Priority Markets Initiative grants announced

DES MOINES - October 28, 2013

Wells Fargo & Company (NYSE: WFC) today announced it will donate $6 million across 67 nonprofits through the 2013 Leading the Way Home® program Priority Markets Initiative to help revitalize and stabilize neighborhoods.

The Leading the Way Home® program Priority Markets Initiative provides grant support for neighborhood projects located in areas designated for revitalization to help accelerate growth, stability and investment in distressed areas.

“Wells Fargo is bringing much needed support to nonprofits in local communities to help them grow and thrive,” said Kimberly Jackson, executive director of Wells Fargo’s Housing Foundation. “We believe the work of the nonprofit community is a critical conduit to revitalize neighborhoods in cities that have been impacted by the challenging economy.”

The Leading the Way Home® program Priority Markets Initiative grants are administered through the Wells Fargo Housing Foundation. The Housing Foundation has invested more than $284 million, since 1993 to support affordable housing and community revitalization programs. Housing Foundation programs have also delivered 4.7 million volunteer hours to build or rehabilitate more than 5,000 homes during the past 20 years.

2013 Leading the Way Home® program Priority Market Initiative grant recipients are:

  1. ACTS Community Development Corporation of Milwaukee;
  2. Affordable Housing Program of Las Vegas;
  3. Affordable Housing Clearinghouse of Santa Ana, Calif.;
  4. Albuquerque, NM Habitat for Humanity
  5. APM (Philadelphia);
  6. Atlanta Neighborhood Development Partnership;
  7. Bridgeport, Conn. Neighborhood Trust;
  8. Cedar Rapids, IA Housing Fund;
  9. CHISPA of Salinas, Calif.;
  10. CityWorks (Trenton, NJ);
  11. Coachella Valley Housing Coalition (Riverside, Calif.);
  12. Common Ground of New York;
  13. Community Development Corp of Long Island, NY;
  14. Community HousingWorks of San Diego;
  15. Community Resources and Housing Development Corporation of Denver;
  16. Crossroads Corporation for Affordable Housing & Community Development (Charlotte, NC);
  17. Dallas Area Habitat for Humanity;
  18. East Bay Community Foundation (Oakland and Richmond, Calif.);
  19. Florida Home Partnership (Tampa);
  20. Fort Worth, TX Area Habitat for Humanity;
  21. Frameworks of Austin, TX;
  22. Grace and Truth CDC (Jacksonville, FL);
  23. Greater Birmingham Habitat for Humanity;
  24. Habitat for Humanity of Broward, FL;
  25. Habitat for Humanity of Collier County, FL;
  26. Habitat for Humanity of Greater Memphis;
  27. Habitat for Humanity of Greater Orlando Area;
  28. Habitat for Humanity of Greater San Francisco (East Palo Alto, Calif.);
  29. Habitat for Humanity of Omaha;
  30. Habitat for Humanity of South Palm Beach, FL;
  31. Habitat for Humanity of Stanislaus (Modesto, Calif.);
  32. Hacienda CDC Portland, OR;
  33. Haitian American CDC (Miami);
  34. Home Opportunities Made Easy of Des Moines;
  35. Homestead Community Land Trust of Seattle;
  36. Homeownership Center of Tacoma, WA;
  37. Housing Association Development Corporation (Allentown, PA);
  38. Housing Trust of Silicon Valley (San Jose, Calif.);
  39. Indianapolis Neighborhood Partnership;
  40. Ironbound Community Corporation (Newark, NJ);
  41. Keystone Challenge Fund (Lakeland, FL);
  42. MANNA (Washington, DC);
  43. Mercy Housing Northwest-Idaho (Boise);
  44. Native American Connections of Phoenix;
  45. Northern Nevada Community Housing Resource Board of Reno;
  46. Neighborhood Housing Services of Sacramento;
  47. Neighborhood Partnership Housing Services (San Bernardino, Calif.);
  48. Neighborhood Recovery Community Development Corporation of Houston;
  49. Northern Ocean Habitat for Humanity (Toms River, NJ);
  50. Old Pueblo Community Services (Tucson, AZ);
  51. Park Heights Renaissance (Baltimore);
  52. Pathfinder Services (Fort Wayne, IN);
  53. Pensacola, FL Habitat for Humanity;
  54. Project for Pride in Living (Minneapolis);
  55. Raleigh, NC Area Development Authority;
  56. Regional Housing and Community Development Alliance of St. Louis;
  57. Salt Lake Valley Habitat for Humanity (Salt Lake City);
  58. Scott County Housing Council (Quad Cities, IA);
  59. Self-Help Enterprises of Bakersfield, Calif.;
  60. S.G. Atkins Community Development Corporation (Winston-Salem, NC);
  61. Sioux Falls Housing Corporation, SD;
  62. Slavic Village Development of Cleveland;
  63. Southwest Housing Solutions Corporation of Detroit;
  64. Texas State Affordable Housing Corporation (El Paso and San Antonio, TX);
  65. Trinity Housing Corporation (Columbia, SC);
  66. Virginia Supportive Housing (Richmond, VA); and
  67. Visionary Home Builders (Stockton, Calif.).

Grant recipients are nonprofits actively involved and experienced in community revitalization efforts. Nonprofits were approved for the grants by the Wells Fargo Housing Foundation to bring additional resources and support to large-scale neighborhood revitalization projects. Priority Markets Initiative grants can be used for any costs associated with the development or redevelopment of the project. Recipients must be IRS 501c3 organizations with successful histories of building or renovating housing for low-to-moderate income homebuyers.

Wells Fargo’s Leading the Way Home® community outreach program helps local markets stabilize their current housing situation while advancing homeownership to build strong communities into the future. Since 2009, the Leading the Way Home® Priority Markets Initiative grant program, funded through the Wells Fargo Housing Foundation, has provided more than $25 million to nearly 100 communities.

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.5 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at blogs.wellsfargo.com.

Chris Hammond