Wells Fargo & Company has announced a total of $500,000 in donations for five local non-profits that will help revitalize Seattle neighborhoods through the Wells Fargo NeighborhoodLIFT® program.
The Wells Fargo Foundation is giving Capitol Hill Housing a grant of $100,000 to support construction on a mixed-use property in White Center, that will provide affordable housing options for low-to-moderate income families. Also, Downtown Emergency Service Center (DESC), El Centro de la Raza, Homestead Community Land Trust and Mercy Housing Northwest will be getting a grant of $100,000 each for other housing projects.
The grants are funded through Wells Fargo’s NeighborhoodLIFT program that was launched in July 2016 for Seattle-King County homebuyers with a $5 million commitment by Wells Fargo to boost local homeownership and revitalize neighborhoods. NeighborhoodLIFT will create hundreds of homeowners in Seattle-King County through homebuyer education plus matching down payment assistance grants up to $7,500.
Wells Fargo is collaborating with national non-profit NeighborWorks America, and its local network member, HomeSight, to implement the program. More than $3.3 million in down payment assistance grants are still available and interested homebuyers may contact HomeSight or Wells Fargo Home Mortgage in Seattle-King County for information about eligibility requirements.
The Wells Fargo NeighborhoodLIFT local initiative grants for Seattle-King County will provide support for neighborhood revitalization, homeownership, health and wellness, and neighborhood beautification.