Press Conference: Attorney General Madigan, U.S. Department of Justice Join Wells Fargo to Announce

WHO:

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

WHEN:

Wednesday, Oct. 3, 2012

10:00 a.m.

WHERE:

James R. Thompson Center

100 W. Randolph, 15th Floor Press Room

Chicago, IL

WHAT:

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 CityLIFT^SM 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 CityLIFT^SMprogram is modeled after Wells Fargo's highly successful NeighborhoodLIFT^SM program, the first of its kind in the banking industry. The NeighborhoodLIFT^SM 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.