Wells Fargo pilots ‘Neighborhood LIFT’ program in Los Angeles, Atlanta, bank’s latest initiative in support of stabilizing housing markets
  • Includes a goal of $10.5 billion in home mortgage purchase lending in Los Angeles and $1.3 billion in Atlanta over five years to homebuyers.
  • $15 million in down payment assistance and homebuyer support programs in Los Angeles and $8 million in Atlanta in 2012 for sustainable home ownership initiatives.
  • Workshops on Feb. 3-4 (Los Angeles) and Feb. 10-11 (Atlanta), featuring participation by NeighborWorks America, other non-profits.
  • Builds on company’s ‘Home Preservation Workshops,’ which will continue to be offered in 2012 to help homeowners seeking to avoid foreclosure.

Los Angeles and Atlanta — January 25, 2012