Housing a昀昀ordability philanthropy Wells Fargo has a $25 million total Wells Fargo’s housing a昀昀ordability philanthropic commitment to support Black and African strategies are focused on keeping people in their American, Hispanic, and Latino homebuyers homes, opening pathways to homeownership, with 昀椀nancial education and counseling, increasing initiatives that drive supply of a昀昀ordable with $15 million committed to Black and homes, and advancing innovation and transformation. African American homebuyers and Wells Fargo’s goal is to support solutions that allow $10 million committed to Hispanic and people to have a quality and a昀昀ordable place to call Latino homebuyers. Through the end of home. Since 2020, the company has helped keep 2021, more than $11 million and $9 million more than 320,000 renters and homeowners in in funding have been provided in support of their homes through e昀昀orts focused on eviction and onmental Black and African American homebuyers and foreclosure prevention assistance, rental assistance, Hispanic and Latino homebuyers respectively. Envir and financial counseling. Wells Fargo has also committed $1 billion in philanthropy to supporting housing a昀昀ordability solutions across the nation. Examples of Wells Fargo’s housing a昀昀ordability philanthropy initiatives include: • Through the Wells Fargo Builds program, in Social collaboration with Habitat for Humanity and Rebuilding Together, Wells Fargo funded more than 482 home build projects across the U.S. in 2021. This funding of a昀昀ordable and sustainable housing includes support for new home construction and repairs, helping older adults age in their homes, and neighborhood revitalization. ernance v • Through Wells Fargo's NeighborhoodLIFT® Go program, the company collaborates with NeighborWorks® America and local nonpro昀椀ts to support sustainable homeownership by delivering down payment assistance to low- and moderate-income homebuyers. This program supports individuals, both customers and noncustomers, in a number of communities throughout the U.S. While the LIFT program is focused on serving low- and moderate-income families regardless of race or ethnicity, the majority of LIFT homeowners represent those who identify as Black and African American, Indigenous, and people of color. 21 Environmental, Social, and Governance Report 2022
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