Grant program from Wells Fargo to help local communities with rehabilitation and neighborhood improvement projects
DES MOINES – December 20, 2013 – (RealEstateRama) — Wells Fargo, the nation’s leading home mortgage lender today announced that 59 nonprofits were awarded grants totaling $11.4 million from the UrbanLIFTSM Community Grant Program to help strengthen neighborhoods in 25 metropolitan statistical areas (MSAs).
“These grants will help advance community stabilization in cities that were significantly impacted by the housing downturn,” said JK Huey, senior vice president of asset management and preservation with Wells Fargo Home Lending Servicing. “We look forward to seeing how the projects, funded by the UrbanLIFT community grant program, help create safer and sustainable neighborhoods.”
The UrbanLIFTSM community grant program, funded by Wells Fargo and administered by NeighborWorks America®, is designed to provide support to local nonprofits for neighborhood revitalization projects in 25 MSAs with diverse populations that were impacted by foreclosures.
Grant recipients participated in a competitive application process administered by NeighborWorks America. Awards were determined based on the applicant’s capacity and demonstrated experience.