Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

75th LIFT Homeownership Program to New Jersey

Posted by fidest press agency su martedì, 17 settembre 2019

Wells Fargo & Company (NYSE:WFC), NeighborWorks® America and its network member New Jersey Community Capital today announced that the 75th LIFT program, designed to boost homeownership, will expand to Essex County, N.J., this fall. With a $5 million philanthropic commitment by the Wells Fargo Foundation, the NeighborhoodLIFT program will create more than 180 Essex County homeowners by offering $20,000 down payment assistance grants that require completion of HUD-certified homebuyer education.
The NeighborhoodLIFT program for Essex County follows Wells Fargo’s announcement in June of an evolution in the company’s philanthropic strategy which includes a $1 billion commitment over the next six years to address the U.S. housing affordability crisis. “NeighborhoodLIFT is a great example of a housing affordability solution Wells Fargo is bringing to communities across the U.S.,” said Greg White, Wells Fargo Community Bank’s Northern New Jersey region bank president. “That’s because nearly one-third of U.S. households spend more than 30% of their income on housing costs. Through the NeighborhoodLIFT program, Wells Fargo is providing down payment assistance to hardworking families and individuals in Essex County so they can realize the dream of homeownership. This provides them with the opportunity to build wealth and live in safe, stable, and affordable homes.” Overall, Wells Fargo and NeighborWorks America have teamed to implement 74 LIFT program launches across the U.S., with Essex County being the 75th. Since 2012, LIFT programs have assisted nearly 22,000 homeowners, in nearly 900 municipalities, who have purchased more than $3.36 billion in real estate supported by a total investment of $475 million by Wells Fargo. Mortgage loans made through LIFT programs are not exclusive to Wells Fargo.

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