‘NeighborhoodLIFT’ program to boost Florida housing market with $30 million investment
Miami to be the first of four Florida cities to launch program, which includes up to $15,000 in down payment assistance grants per qualified homebuyer
  • Includes five-year goal of $300 million in mortgage loans for Miami homebuyers
  • Offers Miami homebuyers the opportunity to attend a June 1-2 event at the Miami Airport 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 and its Miami affiliate Neighborhood Housing Services of South Florida will determine income eligibility for a reservation of down payment assistance grants of up to $15,000 per homebuyer in the City of Miami
  • Initiative includes a home mortgage lending goal of a total of $1.75 billion over five years in Miami, Tampa, Orlando, and Jacksonville
  • Following Miami, NeighborhoodLIFTSM events to be held in Tampa, Orlando and, Jacksonville that build on company’s ‘Home Preservation Workshops,’ Wells Fargo’s signature, city-by-city effort focused on helping homeowners avoid foreclosure
  • NeighborhoodLIFTSM events in Atlanta, Las Vegas, Los Angeles and Phoenix have helped 1,228 potential homebuyers qualify for down payment assistance reservations totaling up to $24.6 million

MIAMI — May 11, 2012