Wells Fargo & Company has donated $1.15 million shared across four Miami-based nonprofits to help further the local recovery of neighborhoods deeply affected by the housing crisis. The grants are part of more than $3.5 million in funds to help local housing initiatives in Florida committed through Wells Fargo's NeighborhoodLIFT(SM) program.
The local grant recipients were identified in close collaboration with the City of Miami and Mayor Tomás Regalado to assist the city in five key areas:
• Transitional and permanent supported housing, shelter and support services for the homeless.
• Homeownership, affordable housing construction, rehabilitation, and counseling for low- and moderate-income residents.
• Neighborhood beautification and improvement.
• Workforce development programs.
• Small- and micro-business assistance.
Camillus House received $400,000 of this donation. “These grants will help stabilize local Miami neighborhoods that have been deeply affected by the housing crisis,” said Frank Newman, Wells Fargo's Regional President in South Florida. “These nonprofits are actively leading efforts to help stabilize neighborhoods, and based on the input we received from the city, we believe it appropriate to further support them with the NeighborhoodLIFT(SM) program local initiatives funds.”
Wells Fargo & Company is one of America's leading community banks and the nation's largest home mortgage lender. Read more about the NeighborhoodLIFT (SM) program.
From left: Bob Dickinson, Chairman, Camillus House; Frank Newman, Regional President, Wells Fargo South Florida; Shelley Freeman, Region President, Wells Fargo Florida; Paul R. Ahr, Ph.D., President & CEO, Camillus House; City of Miami Mayor Tomás Regalado.