Wells Fargo to Launch the 'CityLIFTSM' Program to Help Homebuyers in Philadelphia on Sept. 21 - 22

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Wells Fargo to Launch the 'CityLIFTSM' Program to Help Homebuyers in Philadelphia on Sept. 21 - 22

Sustainable housing effort to provide qualified prospective homebuyers with down payment assistance grants of $15,000; part of $10 million commitment in down payment assistance and homebuyer support programs and a $2.2 billion five-year home mortgage purchase lending goal

--(BUSINESS WIRE)-- Wells Fargo:

WHAT:

 

Wells Fargo will spark local interest in home-buying while focusing on the revitalization of

neighborhoods through its innovative sustainable housing program - CityLIFTSM. The two-day

event will provide prospective homebuyers with the opportunity to see if they qualify for down payment


assistance of $15,000. The event will also provide resources such as homebuyer education sessions and

affordable home tours.

 

Philadelphia is one of 20 cities that will benefit from a total of $170 million Wells Fargo has

committed through its LIFTSMprograms (including NeighborhoodLIFTSM and CityLIFTSM) to

support sustainable housing in cities affected by the economic downturn.

 

This program, which is a first for the financial services industry, is being held in collaboration with

the City of Philadelphia and the non-profit organization NeighborWorks America and its local affiliate,

New Kensington Community Development Corporation, to execute the program.

 

The NeighborhoodLIFTSM program 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.

 

The CityLIFTSM program is designed to provide down payment assistance and homebuyer

education programs in areas most impacted by the financial crisis. The program was developed in response

to the 2012 U.S. Department of Justice Settlement, and is a collaboration between Wells Fargo Bank N.A.


and Neighborworks America.

 

Prospective homebuyers are encouraged to register to attend the event at

www.wellsfargo.com/citylift; walk-ins are also welcome.

 

WHEN:

Sept. 21 -22, 2012

10 a.m. - 7 p.m.

 

WHERE:

Pennsylvania Convention Center, Hall D

1101 Arch Street
Philadelphia, 19107
 

MEDIA:

MEDIA COVERAGE INVITED. To access the event, all members of the media are

encouraged to contact Barbara Nate, 215-670-3972 (office), 267-234-2720 (cell) or

barbara.nate@wellsfargo.com




Wells Fargo
Barbara Nate, 215-670-3972
barbara.nate@wellsfargo.com

KEYWORDS:   United States  North America  California  Pennsylvania

INDUSTRY KEYWORDS:

The article Wells Fargo to Launch the 'CityLIFTSM' Program to Help Homebuyers in Philadelphia on Sept. 21 - 22 originally appeared on Fool.com.

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