Wells Fargo brings CityLIFTSM program to Philadelphia to help local housing market
$10 million effort includes homebuyer education, affordable home tours and opportunity to qualify for up to $15,000 in down payment assistance to purchase a home
  • Effort launches at Sept. 21-22 event to be held at Philadelphia Convention Center; homebuyers can apply for down payment assistance grants and participate in homebuyer support programs
  • NeighborWorks America non-profit affiliate New Kensington Community Development Corporation will determine income eligibility and help qualified prospective homeowners reserve down payment assistance grants of up to $15,000 per homebuyer
  • Initiative accompanied by five-year lending goal of $2.2 billion for Philadelphia homebuyers
  • Similar NeighborhoodLIFT SM events in Atlanta, Houston, Las Vegas, Los Angeles, Phoenix, Miami, Tampa, Orlando and Jacksonville have helped create 263 new homeowners through NeighborhoodLIFTSM Down Payment Assistance, with another 244 potential new homeowners in process of closing on a home

PHILADELPHIA — August 23, 2012