Phoenix becomes third city to join Wells Fargo’s ‘NeighborhoodLIFT,’ bank’s pilot program in support of stabilizing housing markets
  • Includes five-year goal of $3 billion in mortgage loans for Phoenix homebuyers
  • Offers Phoenix homebuyers the opportunity to attend a March 23-24 event at the Phoenix Convention Center where they can apply for Wells Fargo-funded down payment assistance grants and homebuyer support programs totaling $8 million
  • At the event, NeighborWorks America and Phoenix-area non-profits will process applications for down payment assistance grants of up to $15,000 per homebuyer in the city of Phoenix through the Wells Fargo Foundation
  • Phoenix event follows February NeighborhoodLIFTSM events in Los Angeles and Atlanta, and builds on company’s ‘Home Preservation Workshops,’ Wells Fargo’s signature, city-by-city effort focused on helping homeowners avoid foreclosure
  • NeighborhoodLIFTSM events in Los Angeles and Atlanta have helped more than 640 potential homebuyers qualify for down payment assistance reservations totaling $16.4 million

PHOENIX — March 5, 2012