Wells Fargo Donates $235,000 to Mississippi Nonprofits for Community Revitalization Efforts

NeighborhoodLIFT® program awards local
initiative grants to four organizations serving the Hattiesburg and
Jackson communities

JACKSON, Miss.–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced $235,000 in donations
to four local nonprofits that will help revitalize Mississippi
neighborhoods through the Wells Fargo NeighborhoodLIFT®
program.

“Wells Fargo cares about our communities, and we are making these
investments to continue to strengthen Mississippi,” said Chris Tracy,
Wells Fargo Mississippi and Alabama Coast region bank president. “These
nonprofits are actively leading programs to help stabilize housing,
continue economic development efforts and promote health and wellness.
We are hopeful these grants will make a big impact.”

NeighborhoodLIFT local initiative grants will be awarded to the
following Hattiesburg and Jackson nonprofits:

  • D&E, A Housing & Economic Empowerment Center, Inc. will
    receive $30,000 to provide underserved adults with technical skills
    training combined with support services such as asset- and
    credit-building strategies, public benefits screening and employment
    coaching to develop skills needed for life and work. This includes a
    homebuyer workshop on mortgage readiness.
  • Midtown Partners, Inc. will receive $30,000 to complete
    the next phase of a development plan for its creative economy
    initiative that supports businesses located in The Hatch and The
    Hangar neighborhoods.
  • Mississippi Center for Medically Fragile Children will receive
    $145,000 to build the state’s first pediatric skilled nursing
    facility. Medically complex pediatric patients and their caregivers
    will have access to pediatric skilled nursing, rehabilitation and
    palliative care services in a homelike environment.
  • The Salvation Army of Hattiesburg will receive $30,000 for the
    Center of Hope Shelter transitional housing program, which provides
    emergency shelter and support services to men, women and families,
    including a warm bed, hot meals, laundry, bathing facilities and other
    resources to help them get back into permanent housing.

Nearly 100 homeowners created in Mississippi through LIFT programs

The Mississippi NeighborhoodLIFT program local initiative grants are
part of a $2.75 million commitment by Wells Fargo to boost local
homeownership and revitalize neighborhoods in all 82 Mississippi
counties. The NeighborhoodLIFT program has assisted nearly 100
Mississippi homeowners by offering homebuyer education plus down payment
assistance grants.

Approximately 30 more $7,500 down payment assistance grants are
available to prospective Mississippi homebuyers. The 2018 Mississippi
NeighborhoodLIFT program is a collaboration with NeighborWorks®
America and its network member Hope Enterprise Corporation.

In the wake of the 2012 housing crisis, Wells Fargo came together with
NeighborWorks America to develop the NeighborhoodLIFT program,
which has been introduced in 70 communities across the country. As the
single largest corporate philanthropic effort in Wells Fargo’s history
with a $460 million investment, LIFT programs have created more than
21,100 homeowners by offering homebuyer education plus home down
payments assistance grants. A video about the NeighborhoodLIFT program
is posted on Wells
Fargo Stories
.

This follows Wells Fargo’s announcement, made earlier this week, of an
evolution in 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
nationwide, and an increased focus on financial health and small
business growth.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, investment and mortgage products and
services, as well as consumer and commercial finance, through 7,700
locations, more than 13,000 ATMs, the internet (wellsfargo.com) and
mobile banking, and has offices in 32 countries and territories to
support customers who conduct business in the global economy. With
approximately 262,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was ranked No. 26
on Fortune’s 2018 rankings of America’s largest corporations. News,
insights and perspectives from Wells Fargo are also available at Wells
Fargo Stories
.

Contacts

Jamee Nelson, 404-877-6934
Jamee.Nelson@wellsfargo.com
@JLawsonWF

Stephanie
Grant, 760-317-6505
Stephanie.Grant2@wellsfargo.com
@SGrantWF

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