Wells Fargo issued the following announcement on Aug. 5.
Habitat for Humanity International and Wells Fargo & Company (NYC: WFC) today announced an $8 million donation from the Wells Fargo Foundation that will support the construction and repairs of safe and affordable housing built in collaboration with 350 families in nearly 50 states.
Wells Fargo Builds℠ provides philanthropic financial support from the Wells Fargo Foundation when Wells Fargo team members help build, renovate, paint or repair a home for low-to-moderate income households. Through Wells Fargo Builds, Habitat for Humanity affiliate volunteers will work with homeowners to build and repair homes with low- and moderate-income families. The collaboration with Habitat for Humanity is part of a $1 billion philanthropic commitment by Wells Fargo to create more housing affordability solutions by 2025./p>
“Far too many people are struggling financially and facing housing instability that has only been exasperated by the COVID-19 pandemic,” said Eileen Fitzgerald, head of Housing Affordability Philanthropy with the Wells Fargo Foundation. “Wells Fargo has a deep commitment to advance housing affordability solutions. We are proud to support Habitat for Humanity International and its affiliates' work with low- and moderate-income families to create more housing affordability solutions across the U.S.”
In 2019 alone, Wells Fargo employees volunteered more than 1.9 million hours of service to strengthen their communities, including building, repairing, and improving 674 homes across the U.S. with several organizations through Wells Fargo Builds.
“We are grateful for Wells Fargo’s generous support over the past decade,” said Jonathan Reckford, CEO of Habitat for Humanity International. “Their support through Wells Fargo Builds and other initiatives is helpful now more than ever during a time when so many more families are in need of a place to call home.”
Since 2010, Wells Fargo has donated $85 million directly to Habitat affiliates and $15 million to support national Habitat for Humanity efforts, including new home construction, repairs, revitalizing neighborhoods, and helping older adults remain in their homes. In addition, funding has helped provide transitional shelters, drinking water and other services for more than 120 families in India impacted by Cyclone Amphan, will support the construction of Habitat homes with veterans over the next year along with Habitat’s Cost of Home advocacy campaign, which aims to find solutions and create policies at each level of government that will improve housing affordability.
Original source can be found here.
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