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Wells Fargo Joins Rebuilding Together for Housing Assistance

Wells Fargo Joins Rebuilding Together for Housing Assistance   WASHINGTON, D.C. – Rebuilding Together, a leading national nonprofit providing essential home repairs and revitalizing communities, Tuesday announced a national initiative with Wells Fargo. The effort will focus on addressing urgent housing challenges through critical housing repairs that help provide safe, healthy and accessible homes for everyone.  The Wells Fargo Builds℠ program provides philanthropic financial support for the construction, renovation, or repair of homes for low-to-moderate income households. Wells Fargo is donating $1.25 million to Rebuilding Together, which is part of a $1 billion commitment made by the Wells Fargo in 2019 to address the U.S. affordability housing crisis through 2025. 

Housing counselors can help during a pandemic

Study: Homeownership Will Decline Without Zoning, Lending Changes

A new report from the Urban Institute finds that homeownership will decline in the coming decades unless zoning policies and lending requirements change. In Georgia, total homeownership is expected to decline by more than 2.5% by 2040, according to the report, which was funded by the Wells Fargo Foundation. Buyers of color will drive the housing market over the next 20 years, but institutional barriers that disproportionately lock out minorities will account for the overall decline. “If nobody does anything different, this is the situation we’re going to be in,” Eileen Fitzgerald, head of Wells Fargo’s housing affordability philanthropy, told Atlanta Business Chronicle.

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