Wells Fargo Awards $1.2 Million for Rural Housing Initiative

San Francisco-based Wells Fargo & Company has announced a $1.2 million grant to NeighborWorks America in support of the organization’s Safe and Sound rural community revitalization initiative.

Awarded through the Wells Fargo Housing Foundation, the grant will be used to bring fifty substandard rural homes in nine communities up to state and federal housing codes or replace them with Energy Star-rated factory-built homes. The effort also will focus on improving the energy efficiency of and air and water quality in each home.  

As part of the initiative, NeighborWorks America will re-grant $128,500 to nine nonprofit organizations. Recipients include the Champlain Housing Trust in Burlington, Vermont; the Housing Assistance Program of Essex County in Elizabethtown, New York; NeighborWorks Great Falls, in Montana; RUPCO in Kingston, New York; PathStone Corporation in Rochester, New York; NeighborWorks Umpqua in Roseburg, New York; Universal Housing Development Corporation in Russellville, Arkansas; GROW South Dakota in Sisseton, South Dakota; and Self-Help Enterprises in Visalia, California.

"Wells Fargo is delighted to team with NeighborWorks America with this commitment to revitalize homes in rural communities," said Wells Fargo Housing Foundation assistant director Connie Wright. "While we are encouraged to see improvement in many housing markets, sustainable and affordable housing continues to be a critical need in communities of all sizes. We understand we can’t solve these challenges on our own, and when the public and private sector work together it can add up to make a huge difference for the community."

"Wells Fargo $1 Million Grant to Strengthen Rural Communities." Wells Fargo & Company Press Release 07/27/2015.