Wells Fargo 2012 Annual Report Download - page 27
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Revitalizing communities
one neighbor at a time.
Idania Remon was able to buy a home with the help of a
Ɠ$!/ƔɊƟɊɄɄ*2)Ʉ+4( )/Ʉ..$./) Ʉ"-)/Ʉ*Ŧ - Ʉ/#-*0"#Ʉ
WellsFargo’s NeighborhoodLIFTSM program.
more than ,
The WellsFargo NeighborhoodLIFT and
CityLIFTSM programs have already helped
more than 1,600 potential homebuyers
becomehomeowners.
Idania Remon of Tampa, Florida, immigrated to the U.S. from
Cuba 10years ago with her husband and two children. She got
a job as a machine operator in a sports apparel manufacturing
company and began working with WellsFargo to establish
credit. When she was interested in buying a home, she talked
to Home Mortgage Consultant Jaime Yepes.
Yepes said, “Ireally wanted to help, but like many first-time
homebuyers, Idania couldn’t find a house that she could aord.
Itold her Iwould keep in touch if anything came along that
could help.”
Enter NeighborhoodLIFT, a program in which WellsFargo
provides down payment assistance grants, homebuyer assistance
and education, and housing counselor support in partnership
with NeighborWorks® America and local nonprofits. Through
the LIFT programs, WellsFargo has committed $170million
for 20areas in need ofhelp across the country.
The NeighborhoodLIFT program came about during the
prolonged housing downturn when community leaders told
WellsFargo they needed extra help to turn the corner. The
NeighborhoodLIFT program aids in stabilizing some of the
hardest-hit communities. Every two-day event includes tours
of aordable homes, home-buying education for attendees,
and one-on-one meetings with Home Mortgageconsultants.
When the NeighborhoodLIFT program came to Tampa,
Yepes invited Remon to attend, and she was approved on the
spot for a $15,000 grant to help buy a home.
“I was ready to buy a home but just needed a bit of help,”
said Remon. “It would have taken me years to save up the down
payment. The NeighborhoodLIFT program changed mylife.”
COMMUNITY