Press Conference: Attorney General Madigan, U.S. Department of Justice Join Wells Fargo to Announce CityLIFTSMProgram
--(BUSINESS WIRE)-- CityLIFTSMprogram results from a recent fair lending settlement between Wells Fargo, the U.S. Department of Justice and Attorney General Madigan's office; program to offer $15,000 in down payment assistance grants and free homebuyer education programs to prospective homebuyers in Chicago, 30 area suburbs
Lisa Madigan, Illinois Attorney General
Thomas E. Perez, Assistant Attorney General for the Civil Rights Division at the U.S. Department of Justice
Jon Campbell, executive vice president, Wells Fargo
Ed Jacob, executive director, Neighborhood Housing Services of Chicago
Wednesday, Oct. 3, 2012
James R. Thompson Center
100 W. Randolph, 15th Floor Press Room
New program will bring millions in down payment assistance grants for 30 Chicago-area neighborhoods to provide prospective homebuyers with an opportunity to see if they qualify for down payment assistance of $15,000.
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 connection with the 2012 settlement with the Civil Rights Division of the U.S. Department of Justice, and is a collaboration between Wells Fargo Bank N.A. and Neighborworks America.
The CityLIFTSMprogram is modeled after Wells Fargo's highly successful NeighborhoodLIFTSM program, the first of its kind in the banking industry. The NeighborhoodLIFTSM program is a collaboration between the Wells Fargo Foundation, NeighborWorks America, an independent non-profit organization, and local non-profit organizations including Neighborhood Housing Services of Chicago.
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The article Press Conference: Attorney General Madigan, U.S. Department of Justice Join Wells Fargo to Announce CityLIFTSM Program originally appeared on Fool.com.
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