Wells Fargo & Company (NYSE: WFC), one of America’s leading community banks and the nation’s largest home mortgage lender, today announced the company will make donations totaling $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; and small and micro-business assistance. In response, Wells Fargo is making $1.15 million in grants to nonprofits serving Miami including:
- Camillus House will receive $400,000 in support of their efforts for the Miami homeless community;
- Neighborhood Housing Services of South Florida will receive $550,000 for its work with homebuyer education and support, affordable housing development, and neighborhood beautification;
- Chapman Partnership will receive $100,000 to support the organization’s workforce development programs; and
- United Way of Miami-Dade will receive $100,000 to support the organization’s small business assistance program for early learning centers.