MEDFORD, Ore. – More low- and moderate-income veterans and families will be able to purchase a home in Medford, thanks to a $50,000 grant from Wells Fargo Housing Foundation to ACCESS.
The nonprofit group will use the grant to provide funds to veterans and families through its Welcome Home Down Payment Assistance Program. The program also gives homeownership education and credit counseling to its participants.
“The increase in real estate prices in this area is making it more difficult to purchase a home. We’re grateful for Wells Fargo’s support and partnership. Their ongoing generosity allows us to work with local residents to help make the dream of first time homeownership a true reality,” said Pamela Norr, ACCESS executive director.
“This gift to ACCESS enables Wells Fargo to support and give back to our community, the community that my team members live and work in,” said Kim Katic, a Wells Fargo district manager in Medford. “This assistance program is allowing people to purchase their home that might not be able to otherwise. I treasure the awesome relationship we have built with ACCESS and the impact together that we are having on helping families succeed.”
One of 56 Grants Nationally
The grant to ACCESS was one of 56 neighborhood revitalization grants totaling $6 million that Wells Fargo Housing Foundation gave to nonprofits in 20 states and the District of Columbia through its Priority Markets Program. Portland Community Reinvestment Initiatives was one of those groups. It received $100,000 to help 22 low-income families purchase a home in their former neighborhoods in North and Northeast Portland.
Grant recipients were selected from requests submitted by local Wells Fargo employees and nonprofits Wells Fargo identified as being in need of extra help with large-scale neighborhood revitalization projects. A recipient must be a nonprofit with a successful history of building or renovating housing for low-to moderate-income homebuyers.
Since 2009 the Priority Markets Program has provided grants totaling more than $42 million to nonprofits in 125 communities.
Started in 1976, ACCESS has been helping low-income Jackson County families and seniors through economic crisis by guiding them through changes in the habits that help them become self-sustaining. With a focus on education, ACCESS currently operates 15 programs designed to address issues from one-time emergencies to longer-term issues.
About Wells Fargo Housing Foundation
The Wells Fargo Housing Foundation has stewarded more than $82 million and 4.5 million team member volunteer hours in support of creating affordable housing and community revitalization programs. The foundation has mobilized more than 175,000 volunteers to build or refurbish 3,600 homes in low-to-moderate income communities. More information: www.wellsfargo.com.