Wells Fargo Awards $1.2 Million to Rebuilding Together to Rehab Aging Homes

Rhea-AI Summary

Wells Fargo Foundation is donating $1.2 million in grants to Rebuilding Together, a nonprofit focused on repairing homes and revitalizing communities. The Wells Fargo Builds program involves employee volunteers repairing 75 homes in 46 communities for older adults, veterans, and others in need. This initiative addresses the rising home repair costs in America, which disproportionately affect low-income individuals.

The grant was announced during an event in Miami Gardens, Florida, where volunteers helped first-time homeowner Mable Henderson with home repairs. Miami HEAT legend Udonis Haslem joined Wells Fargo to support housing access and affordability in his hometown. Since 2010, Wells Fargo has donated over $19 million to Rebuilding Together, supporting rebuilding efforts across the country.

Positive

• Wells Fargo Foundation donates $1.2 million to Rebuilding Together for home repairs
• Employee volunteers participating in repairing 75 homes across 46 communities
• Partnership with Rebuilding Together addresses rising home repair costs for low-income individuals
• Collaboration with local communities and celebrities to support housing initiatives

Negative

• None.

Miami HEAT legend Udonis Haslem joins Wells Fargo to support housing access and affordability in his hometown

MIAMI, FL / ACCESSWIRE / September 18, 2024 / The Wells Fargo Foundation is donating more than $1.2 million in grants to Rebuilding Together, a leading national nonprofit dedicated to repairing homes and revitalizing communities. This year, as part of the Wells Fargo Builds program, employees are also volunteering to provide repairs and accessibility modifications to 75 homes in 46 communities nationwide for older adults, veterans, and other neighbors in need.

A recent study shows that home repair costs in America have increased significantly in the past few years, and low-income individuals were nearly twice as likely to need persistent repairs.

"Everyone should have access to a quality, affordable place to call home," said Darlene Goins, head of Philanthropy and Community Impact at Wells Fargo. "We're proud to support Rebuilding Together to help restore aging homes so more people can remain safely and independently in their homes and preserve their generational wealth."

"So many Americans want to age in place in the home and community they love. Unfortunately, not everyone has the means to do so," said Maureen Carlson, President and CEO of Rebuilding Together. "We are incredibly grateful for Wells Fargo's ongoing support to provide quality home repair services. Together, we're helping our neighbors in need remain in their homes for years to come."

The new grant funding was announced during a special event in Miami Gardens, Florida where roughly 30 volunteers from Wells Fargo, Rebuilding Together and the community came together to help first time homeowner Mable Henderson with vital home repairs and backyard improvements. Wells Fargo, the Bank of Doing, teamed up with Miami HEAT legend Udonis Haslem to surprise the Henderson family with new kitchen appliances and an outdoor living space. Rebuilding Together Miami-Dade received a $34,000 grant to provide transformative repairs that include ceiling and structural repairs, interior and exterior painting, and landscaping to help improve safety and accessibility for the Henderson home, as well as the homes of two other local families.

Since 2010, Wells Fargo has donated more than $19 million to Rebuilding Together and its affiliate network to support rebuilding efforts across the country, including providing essential home repairs, revitalizing communities, and helping veterans, older adults, people with disabilities, families with children, and victims of disaster remain in their homes.

Rebuilding Together

Rebuilding Together is the leading national nonprofit organization repairing the homes of people in need and revitalizing our communities. Through its national network of affiliates, Rebuilding Together works proactively and collaboratively with community leaders, long-term residents, funders and volunteers to foster dialogue and create safe, healthy communities across the country. Learn more and get involved at rebuildingtogether.org. | X (formerly Twitter): @RebldgTogthr.

About Wells Fargo

Wells Fargo & Company (NYSE:WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune's 2024 rankings of America's largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com

LinkedIn: https://www.linkedin.com/company/wellsfargo

Contact Information

Rebuilding Together
Chelsea Quenum
cquenum@rebuildingtogether.org

Wells Fargo
Melissa Murray
melissa.k.murray@wellsfargo.com

View additional multimedia and more ESG storytelling from Wells Fargo on 3blmedia.com.

Contact Info:
Spokesperson: Wells Fargo
Website: https://www.3blmedia.com/profiles/wells-fargo
Email: info@3blmedia.com

SOURCE: Wells Fargo

View the original press release on accesswire.com

FAQ

How much did Wells Fargo (WFC) donate to Rebuilding Together in 2024?

Wells Fargo Foundation donated $1.2 million in grants to Rebuilding Together in 2024 as part of the Wells Fargo Builds program.

How many homes will be repaired through Wells Fargo's (WFC) 2024 grant to Rebuilding Together?

The 2024 grant will support repairs and accessibility modifications for 75 homes in 46 communities nationwide.

Who joined Wells Fargo (WFC) in supporting the housing initiative in Miami Gardens?

Miami HEAT legend Udonis Haslem joined Wells Fargo to support housing access and affordability in his hometown of Miami Gardens.

How much has Wells Fargo (WFC) donated to Rebuilding Together since 2010?

Since 2010, Wells Fargo has donated more than $19 million to Rebuilding Together and its affiliate network for rebuilding efforts across the country.