Wells Fargo Foundation through its Priority Markets Program (PMP) gave $50,000 in November of 2014 towards building six (6) new construction, ADA accessible, single family homes for sale to low income US Veterans households up to 80% AMI in the City of Loma Linda near the Loma Linda VA facilities. MECH was one of only 54 non-profits to win the nationally competitive PMP grant in 2014.
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Wells Fargo Housing Foundation grants $6 million across 54 nonprofits
2014 Priority Markets Program to help stabilize neighborhoods and revitalize communities
SAN FRANCISCO, October 28, 2014
Wells Fargo & Company (NYSE: WFC) today announced it will donate $6 million shared across 54 nonprofits through its 2014 Priority Markets Program to help stabilize and revitalize neighborhoods impacted by the economy. The Wells Fargo Housing Foundation Priority Markets Program provides grant support for neighborhood stabilization projects that are located in areas designated for revitalization to stimulate growth, stability and investment in distressed areas.
“Wells Fargo is pleased to support these nonprofits that work diligently to help revitalize neighborhoods and position them for long-term success,” said Kimberly Jackson, executive director of the Wells Fargo Housing Foundation. “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.”
Since 2009, the Priority Markets Program has provided more than $30 million across 100 communities.
2014 Wells Fargo Housing Foundation Priority Markets Program grant recipients are:
1. Affordable Housing Alliance (New York)
2. Better Housing Coalition (Richmond, Va.)
3. Bridgeport Neighborhood Trust (Bridgeport, Conn.)
37. Little Tokyo Service Center (Los Angeles)
38. Mary Erickson Community Housing (Riverside, Calif.)
39. Mercy Housing Northwest (Seattle)
Wells Fargo Housing Foundation Priority Markets Program grant recipients are nonprofits actively involved and experienced in community revitalization efforts and were selected from requests submitted by local team members and nonprofits Wells Fargo identified as being in need of extra help with large-scale neighborhood revitalization projects. Priority Markets Program grants can be used for any costs associated with the development or redevelopment of the project. Recipients must be IRS 501c3 organizations with successful histories of building or renovating housing for low-to moderate-income homebuyers.
Since 1993, the Wells Fargo Housing Foundation has stewarded nearly $300 million to nonprofits in support of affordable housing and community revitalization programs. Wells Fargo Housing Foundation programs have also delivered 4.7 million volunteer hours to build or rehabilitate more than 5,000 homes during the past two decades.