“Every family that has received this incredible down payment assistance has had the chance to start life in their new home with more disposable income,” said Lori R. Gay, president and CEO of Neighborhood Housing Services of Los Angeles County. “Access to these funds provides life changing opportunities for the many home buyers we’ve shepherded through the process.”Additionally, the NeighborhoodLIFT SM program in Los Angeles has allocated $1.5 million – as part of the overall $15 million local program – to local community development initiatives, such as GRYD, a Gang Reduction and Youth Development; MEND, West Angeles CDC; and East LA Community Corporation for food, health and nutrition programs in Boyle Heights; Los Angeles Neighborhood Initiative for economic development; and LA’s Best for after school programs. “This unique public-private collaboration is already making a tremendous difference for local neighborhoods,” said Drew Collins, Wells Fargo Home Mortgage Pacific Region Manager. “The NeighborhoodLIFT SM program is providing real help for families who want to buy and live in a Los Angeles home.” Los Angeles is one of 20 housing markets benefiting from a total of $170 million that Wells Fargo has committed through its LIFT programs (NeighborhoodLIFT SM and CityLIFT SM ). To date, this includes delivering $89.9 million for down payment assistance grants and $11.8 million for non-profit housing counseling, homebuyer education, and local program support. Wells Fargo introduced similar programs in additional California cities including Sacramento, Oakland (among nine East Bay cities), and plans to expand to the Inland Empire in 2013. LIFT programs currently have down payment assistance funds available for prospective homebuyers to purchase and live in homes in the following housing markets: Los Angeles, Oakland, Sacramento, Atlanta, Baltimore, Chicago, Houston, Jacksonville, Las Vegas, Miami, Orlando, Philadelphia, Phoenix, and Tampa. Prospective home buyers can learn how to apply at www.wellsfargo.com/lift. About NeighborhoodLIFT SM The NeighborhoodLIFT SM program is a collaboration between Wells Fargo Bank, N.A.; the Wells Fargo Foundation; NeighborWorks America, an independent non-profit organization; and local non-profit organizations. The NeighborhoodLIFT SM program is designed to provide sustainable homeownership initiatives in cities affected by the housing crisis. A video about the NeighborhoodLIFT SM program is posted at www.youtube.com/wellsfargo. The CityLIFT SM program is designed to provide down payment assistance and homebuyer education programs in areas most impacted by the financial crisis. The program was developed in connection with the 2012 settlement with the U.S. Department of Justice, and is a collaboration between Wells Fargo Bank N.A. and NeighborWorks America. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet ( wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.