As communities across America work to recover from the housing crisis, Wells Fargo announced the NeighborhoodLIFTSM and CityLIFTSM programs. The Wells Fargo LIFT programs are designed to provide down payment assistance, homebuyer education and homebuyer support in the cities most deeply affected by the crisis. So far the program has been implemented in Los Angeles, Atlanta, Phoenix, Las Vegas, Houston, Miami, Tampa, Jacksonville, Orlando, Minneapolis, Philadelphia, and Washington, D.C. Upcoming cities for the program include Memphis, Chicago, Sacramento and Oakland.
The Wells Fargo LIFT programs invest in the future by supporting sustainable homeownership and neighborhood stability. A collaborative effort sponsored by Wells Fargo and local nonprofit organizations, the programs provide:
Down payment assistance for qualified buyers
Financial education to help buyers prepare for homeownership
Events to showcase area homes for sale
A video about the NeighborhoodLIFT program is posted at www.youtube.com/wellsfargo.