Houston to get help for housing market with Wells Fargo ‘NeighboodhoodLIFT’ homebuyer event and Home Preservation Workshop
May 11-12 event will provide help for hundreds of potential homebuyers in Houston and May 17 workshop will help mortgage customers facing financial hardships
  • Houston named fifth city to host Wells Fargo’s ‘NeighborhoodLIFTSM program in support of stabilizing housing markets; Includes five-year goal of $3 billion in mortgage loans for Houston homebuyers
  • Offers Houston homebuyers the opportunity to attend a May 11-12 event at George R. Brown Convention Center where they can apply for down payment assistance grants and homebuyer support programs totaling $9 million in 2012 for sustainable homeownership initiatives
  • At the event, NeighborWorks America will conduct income verifications and issue down payment fund reservations and its Houston affiliate, Avenue Community Development Corporation, will process applications for down payment assistance grants of up to $15,000 per homebuyer in the city of Houston through the Wells Fargo Foundation
  • Five days later, Wells Fargo’s ‘Home Preservation Workshop,’ a signature, city-by-city effort focused on helping homeowners avoid foreclosure, will return to Houston for a second time; 5,000 Houston-area mortgage customers invited to Home Preservation Workshop set for May 17 at the Reliant Center
  • Houston’s NeighborhoodLIFTSM event follows similar NeighborhoodLIFTSM events in Los Angeles, Atlanta, Phoenix, and Las Vegas; NeighborhoodLIFTSM events in Los Angeles, Atlanta and Phoenix have helped more than 893 potential homebuyers qualify for down payment assistance reservations totaling up to $20 million

HOUSTON — April 19, 2012