Wells Fargo's $10,000 grant to Hacienda Community Development Corp. will help provide services to low-income Hispanics in N.E. Portland
PORTLAND — November 15, 1999
Low-income Hispanic residents in one of the poorest sections of Portland will benefit from a $10,000 grant from Wells Fargo to the non-profit Hacienda Community Development Corporation (CDC).
The CDC will use the funds to enhance the services it provides Hispanics in a specific area of N.E. Portland that includes the Cully/Killingsworth intersection.
Hacienda CDC was formed in 1992 to improve the overall livability of low-income Hispanics by developing a permanent resource of affordable housing, education, economic development and related services in Washington, Multnomah, Clackamas, Marion and Yamhill Counties.
"This donation will help us deal with these vital community issues in an area of our city that desperately needs support," said Jose Rivera, executive director of Hacienda CDC. "By forming partnerships with companies such as Wells Fargo, we are able to deliver these services where they are needed the most."
Some of the projects that Hacienda CDC is currently working on include the construction of a new health clinic and community center (completion is scheduled for next March). The organization has also started a capital campaign to raise funds for the construction of a childcare center.
The $10,000 grant is part of the $300 million that Wells Fargo committed in 1996 to donate to and non-profit organizations and schools in its communities over a 10-year period.
"Since making that commitment, Wells Fargo has donated more than $7.2 million in Oregon. A primary focus of our giving is community development and human services," said George Passadore of Portland, president of Wells Fargo in Oregon.
Established in 1852, Wells Fargo & Company is a $207 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and other distribution channels across North America, including all 50 states, and elsewhere internationally.