October 26, 2012 at 08:00 AM EDT
Wells Fargo Donates $6 Million in Grants Across 59 Nonprofits Through Neighborhood Revitalization Effort

Wells Fargo & Company (NYSE: WFC) today announced it will donate $6 million shared across 59 nonprofits through its 2012 Leading The Way Home® program Priority Markets Initiative to help stabilize and revitalize neighborhoods hard-hit by the economy. The Leading The Way Home® Priority Markets Initiative provides grant support for neighborhood stabilization projects that are located in areas designated for revitalization to stimulate growth, stability and investment in distressed areas.

“These grants are focused on stabilizing and rebuilding local communities,” said Kimberly Jackson, executive director of Wells Fargo’s Housing Foundation. “We’re increasing our grant commitments to help even more efforts led by nonprofits to revitalize neighborhoods in cities that have been deeply affected by the challenging economy.”

Grant recipients are nonprofits actively involved and experienced in community revitalization efforts and were selected from requests submitted by local team members and nonprofits Wells Fargo identified as being in need of extra help with large-scale neighborhood revitalization projects. Leading The Way Home® Priority Markets Initiative grants can be used for any costs associated with the development or redevelopment of the project except advertising and marketing. A maximum 20 percent of the grant can be used for homebuyer subsidies such as down payment/closing costs. Recipients must be IRS 501c3 organizations with successful histories of building or renovating housing for low- to moderate-income homebuyers.

Wells Fargo is making $6 million in grants that will be shared across 59 nonprofits including:

* Able Works (East
Palo Alto, Calif.)

* Community Housing
Development Corp.
(Vallejo, Calif.)

* Habitat for
Humanity Las Vegas,
Inc.

* MANNA
(Washington, D.C.)

* Pathfinder Services,
Inc. (Fort Wayne, IN)

* ACTS Community
Development
Corporation
(Milwaukee, WI)

* Community Housing
Improvement Sys. &
Planning Assoc.
(Salinas, Calif.)

* Habitat for
Humanity Riverside
(Calif.)

* Mercy Housing
Northwest (Nampa,
ID)

* Portland (OR)
Housing Center

* Atlanta
Neighborhood
Development
Partnership Inc.

* Denver Community
Ventures/Denver
Housing Authority

* Habitat for
Humanity, Tucson

* Mutual Housing of
South Central (New
Haven) Connecticut

* Project for Pride in
Living (Minneapolis, MN)

*Better Housing
Coalition
(Richmond, VA)

* Druid Heights CDC
(Baltimore)

* Habitat for
Humanity of Wake
County (Raleigh, NC)

* Neighborhood
Housing Services
Inland Empire (San
Bernardino, Calif.)

* Rock Island
Economic Growth
Corporation (Quad
Cities, IA)

* Builders of Hope
CDC (Dallas)

* East Bay Community
Foundation (Oakland,
Richmond, Calif.)

* Homewise, Inc., a
NeighborWorks
affiliate
(Albuquerque, NM)

* Neighborhood
Renaissance, Inc. (West
Palm Beach, FL)

* Rebuilding Together
Omaha, (NK) Inc.

* Broward Alliance
for Neighborhood
Development (Ft.
Lauderdale, FL)

* East Los Angeles
Community Corp.

Homestead CLT /
Habitat for Humanity
King County (Seattle)

* Newtown Community
Development
Corp./Community
Land Trust (Phoenix,
Tempe, AZ)

* Salt Lake City
NeighborWorks

* Camillus House,
Inc. (Miami)

* Frameworks CDC
(Austin, TX)

* Housing Trust of
Santa Clara County
(San Jose, Calif.)

* NHS of Greater
Cleveland

* St. Johns Housing
Partnership, Inc.
(Jacksonville, FL)

* Casa Familiar (San
Diego, Calif.)

* Greater Birmingham
(AL) Habitat for
Humanity

* Houston Habitat for
Humanity

* NHS of NYC

* Tarrant County
Housing (Fort Worth,
TX)

* Charlotte-
Mecklenberg
Housing Partnership

* Habitat for Humanity
Fresno County

* Junta De Accion
Puertorriquena, Inc.
(PRAB), (New
Brunswick, NJ)

* Northern (Reno)
Nevada Community
Housing Resource
Board

* The Village of
Orlando (FL)

* City Vision
Ministries (Kansas
City, Mo.)

* Habitat for Humanity
Golden Empire
(Bakersfield, Calif.)

* La Casa de Don
Pedro Inc. (Newark,
NJ)

* Nueva Esperanza, Inc.
(Philadelphia)

* Virginia Beach (VA)
Community
Development
Corporation

* Columbus Housing
Initiative, Inc (GA)

* Habitat for Humanity
Greater San Francisco

* Lakeside
Community Dev. Corp
(Chicago)

* Orange County
Community Housing
Corp
(Santa Ana, Calif.)

* Visionary Home
Builders of California,
Inc. (Stockton, Calif.)

* Community
Enterprise
Investments, Inc.
(Pensacola, FL)

* Habitat for Humanity
of Pinellas County, Inc.
(Tampa, FL)

* LCMS National
Housing (St. Louis)

* P.A.S.T.O.R.S.
(Charleston, SC)

The Leading The Way Home® Priority Markets Initiative grants are administered through the Wells Fargo Housing Foundation. Since 2009, the Leading the Way Priority Markets Initiative grant program has provided more than $18 million to more than 75 communities. Since its inception in 1993, the Wells Fargo Housing Foundation has stewarded nearly $200 million dollars and 4.5 million team member volunteer hours in support of creating affordable housing and community revitalization programs. Wells Fargo Housing Foundation’s Team Member Volunteer Program has mobilized more than 175,000 volunteers to build or refurbish 4,000 homes in low-to-moderate income communities. In 2011, Wells Fargo programs delivered a record 1245 donated properties to support local affordable housing and community revitalization programs.

Wells Fargo’s Leading The Way Home® community outreach program helps communities stabilize their current housing situation while advancing homeownership to build strong communities into the future. From 2008 through October 2012, Wells Fargo has invested more than $148 million in community revitalization programs and $40 million in support of housing and credit counseling services. The NeighborhoodLIFTSMprogram has committed $95 million in 2012 to help revitalize housing markets significantly affected by the housing crisis. NeighborhoodLIFTSMprogram is a collaboration between Wells Fargo Bank, N.A., the Wells Fargo Foundation, Neighborworks America, an independent non-profit organization, and local non-profit organizations.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.

Contacts:

Wells Fargo & Company
Chris Hammond, 415-222-4106
chris.l.hammond@wellsfargo.com
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