Wells Fargo Commits $5 million to Boost Homeownership in Texas

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Wells Fargo & Company, NeighborWorks America® and its network member BCL of Texas has  announced the upcoming Austin, Texas-area NeighborhoodLIFT® program with a $5 million commitment by Wells Fargo to help boost local homeownership in Travis, Bastrop, and Hays counties.

Interested homebuyers can attend the free homebuyer event on August 26-27 where eligibility will be determined for an opportunity to reserve a matching down payment assistance grant ranging from $2,500 up to $7,500 based on the homebuyer’s contribution. Annual incomes must not exceed 80 percent of the local area median income.  In the counties of Travis, Bastrop, or Hays County that is about $62,250 for a family of four, with income maximums varying depending on family size and type of loan.  To be eligible, homebuyers must meet pre-stated criteria.

Since February 2012, LIFT programs have helped create nearly 11,850 homeowners in 45 communities, including 980 combined in Texas through NeighborhoodLIFT program in Dallas, Houston and San Antonio. A video about LIFT programs is posted on Wells Fargo Stories.

Registration is open for the NeighborhoodLIFT event on August 26-27. To register, visit www.NeighborhoodLIFT.com.

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