San Francisco-based Wells Fargo & Company has announced grants totaling $6 million through the Wells Fargo Housing Foundation's Priority Markets Program to revitalize neighborhoods hit hard by the Great Recession.
Fifty-four organizations will receive support for projects designed to stimulate stability and investment in distressed neighborhoods across the country. Administered by the foundation, the grants can be used for any expenses associated with a development or redevelopment project. Recipients include Bridgeport Neighborhood Trust, the Broward Alliance for Neighborhood Development, Greater Des Moines Habitat for Humanity, Habitat for Humanity East Bay Silicon Valley, Urban Homeworks in Minneapolis, NeighborWorks Sacramento, and West Angeles CDC.
"Wells Fargo is pleased to support these nonprofits that work diligently to help revitalize neighborhoods and position them for long-term success," said Wells Fargo Housing Foundation executive director Kimberly Jackson. "The Priority Markets Program has been a catalyst for bringing together community stakeholders with shared interests that are producing sustainable results and making a difference for communities."