Wells Fargo Donates $300,000 to Greater Orlando for Revitalization Efforts
25 September 2019 - 10:15PM
Business Wire
NeighborhoodLIFT® program awards local initiative grants to four
nonprofits, three grants to support the Parramore community
Wells Fargo & Company (NYSE: WFC) today announced $300,000
in donations to four local nonprofits that will help revitalize
Orlando neighborhoods through the Wells Fargo NeighborhoodLIFT®
program. Three of the grants will focus on strengthening the
Parramore neighborhood, and the fourth grant will support
affordable housing initiatives in Kissimmee.
“Through these grants, our NeighborhoodLIFT program continues
its commitment to support communities here in Central Florida,”
said Wells Fargo’s A.J. Adamczack, Home Mortgage market manager for
North and Central Florida. “We want to assist local nonprofits as
they continue their great work of implementing programs that help
address housing affordability, workforce development and small
business growth in our region.”
In addition, Wells Fargo recently announced an evolution of the
company’s philanthropic strategy that includes a $1 billion
commitment to address the housing affordability crisis, a $20
million challenge grant aimed at accelerating housing solutions
across the U.S. and an increased focus on financial health and
small business growth.
NeighborhoodLIFT local initiative grants will be awarded to the
following local nonprofits:
- Habitat for Humanity of Greater Orlando and Osceola
County — $100,000 for an affordable housing development in
Kissimmee that will provide new single-family homes and renovations
to existing homes. This will increase accessibility, safety and
health standards. The grant also will support collaborative
outreach with existing residents and businesses to help the
neighborhood thrive. In addition, it will help address the high
demand for affordable housing options in the area and aid in
responding to the influx of new residents following Hurricane
Maria.
- Central Florida Foundation, Inc. — $100,000 for the
Parramore Asset Stabilization Fund. In collaboration with the
Florida Community Loan Fund and the Community Loan Fund of New
Jersey, 46 distressed rental properties — consisting of 83 rental
units — have been acquired and are being rehabilitated to address
long-term housing affordability in the Parramore neighborhood in
Orlando.
- Central Florida Urban League, Inc. — $75,000 in support
of community initiatives to strengthen the local economy, workforce
development and small business growth, which will benefit Parramore
residents and their community.
- Jobs Partnership of Florida, Inc. — $25,000 for its
LifeWorks Expansion project, which provides vocational skills
training and support to unemployed and underemployed individuals by
elevating their workplace abilities and enhancing their
employability. This includes a free 12-week course on career
planning and skills training achieved through partnerships with
local organizations and volunteers. The grant will benefit
workforce development efforts in Parramore.
“As the downtown Orlando area grows and evolves, it is important
to preserve the rich cultural legacy of the Parramore community for
future generations and residents to come,” said Mark Brewer,
president and CEO of Central Florida Foundation. “Investing in
secure and stable housing for residents of Parramore ensures homes
for families that otherwise would have nowhere else to go.”
Wells Fargo donates a $100,000 “LIFT the Block” grant and
volunteer support to build playground in Pine Hills
As part of the Greater Orlando NeighborhoodLIFT program, Wells
Fargo donated a $100,000 “LIFT the Block” grant to build a new
playground for the kids of the Pine Hills neighborhood of Emerald
Villas. On September 21, more than 200 Wells Fargo, Orlando
Neighborhood Improvement Corporation (ONIC) and local volunteers
joined organizers from KaBOOM! to build a new, safe and fun play
space for the children of this local community. The “LIFT the
Block” program supports neighborhood revitalization efforts. Since
1996, KaBOOM! has collaborated with partners to build, open, or
improve more than 16,700 playgrounds, engaged more than one million
volunteers, and served 8.5 million kids.
More than 500 homeowners created in Orlando through LIFT
programs
The Orlando NeighborhoodLIFT program local initiative grants are
part of a $6.3 million commitment by Wells Fargo to boost local
homeownership and revitalize neighborhoods. A collaboration with
NeighborWorks® America, Orlando Neighborhood Improvement
Corporation (ONIC), and the Housing Partnership, the
NeighborhoodLIFT program has created more than 500 Orlando area
homeowners by offering homebuyer education plus down payment
assistance grants.
In the wake of the housing crisis, Wells Fargo came together
with NeighborWorks America to develop the NeighborhoodLIFT program
in 2012. It has been introduced in 73 communities across the U.S.
and is the single largest corporate philanthropic effort in Wells
Fargo’s history, with a $475 million investment. LIFT programs have
created nearly 22,000 homeowners by offering homebuyer education
plus home down payments assistance grants. A video about the
NeighborhoodLIFT program is posted on Wells Fargo Stories.
About Wells Fargo
Founded in 1852 and headquartered in San Francisco, Wells Fargo
& Company (NYSE:WFC) provides banking, investment and mortgage
products and services, as well as consumer and commercial finance,
through 7,700 locations, more than 13,000 ATMs, and the internet
(wellsfargo.com). With approximately 262,000 team members, Wells
Fargo serves one in three households in the United States. With its
corporate philanthropy, Wells Fargo aims to pave a path to
stability and financial success for underserved communities by
focusing on housing affordability, small business growth, and
financial health, among other local community needs. In 2018, Wells
Fargo donated $444 million to nearly 11,000 nonprofits. For 10
consecutive years, Wells Fargo has held the honor of No. 1 in
workplace giving by United Way Worldwide. Wells Fargo team members
also actively support communities by donating more than 2 million
hours of volunteer time in the last year. News, insights and more
information on the company’s overall corporate responsibility are
available at Wells Fargo Stories and www.wellsfargo.com/impact.
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version on businesswire.com: https://www.businesswire.com/news/home/20190925005194/en/
Media Gabriela Lambertus, 305-619-8898
Gabriela.Lambertus@wellsfargo.com @GabyLambertusWF
Stephanie Grant, 760-317-6505 Stephanie.Grant2@wellsfargo.com
@SGrantWF
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