NPHS Receives $100,000 Grant from Wells Fargo to Support Sustainable Communities Catalyst Project

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NPHS Media Contact: Greg O’Donnell
(909) 218-8483
greg@nphsinc.org

 

For Immediate Release

September 27th, 2018

Neighborhood Partnership Housing Services Receives $100,000 Grant from Wells Fargo Housing Foundation’s Priority Markets Program

Organization is one of 50 nonprofits nationwide to receive neighborhood revitalization grant

RANCHO CUCAMONGA – NOVEMBER 7, 2018– Neighborhood Partnership Housing Services (NPHS) today announced a $100,000 neighborhood revitalization grant from Wells Fargo Housing Foundation. NPHSis one of 50 nonprofits to receive a total of $6 million in funding through the Wells Fargo Housing Foundation 2018 Priority Markets Program.

“We greatly appreciate Wells Fargo Housing Foundation’s support of our Sustainable Communities Catalyst Project,” stated NPHS CEO, Clemente Mojica. “This grant will enable us to further our affordable housing and neighborhood revitalization programs to transform neighborhoods into communities of choice.”

NPHS’ Sustainable Communities Catalyst Project is a comprehensive neighborhood revitalization and holistic financial education effort aimed at addressing the needs of low-to-moderate income families and creating sustainable communities throughout the Inland Empire.  The program utilizes 6 innovative core strategies for stabilizing communities: Neighborhood Revitalization, Owner-Occupied Rehabilitation, Homeownership Creation and Preservation, Homeownership Finance, and Financial Education training. These core strategies work together to revitalize distressed neighborhoods, prevent blight, promote sustainable homeownership at a regional scale, while implementing green building practices.

“NPHS shares our focus of strengthening communities through local neighborhood revitalization efforts in support of sustainable housing,” said Region Bank President Alice Juarez. “The impact of each dollar invested through this program will be magnified by NPHS and act as a catalyst for the neighborhood revitalization work, serving as a powerful example of the positive impact that can be achieved with thoughtful public-private collaboration.”

Grant recipients were selected from applications submitted by nonprofits Wells Fargo identified as leading large-scale affordable housing projects. Recipients must be 501(c)(3) organizations with successful histories of supporting low- to moderate-income communities.

The 2018 Wells Fargo Housing Foundation Priority Markets Program supports projects, programs and initiatives focused on neighborhood revitalization and helps remove barriers to sustainable housing in low- and moderate-income communities.Since 2009, the program has donated grants totaling $54 million to nonprofits in more than 125 communities.

Grant recipients were selected from applications submitted by nonprofits Wells Fargo identified as leading large-scale affordable housing projects. Recipients must be 501 (c)(3) organizations with successful histories of supporting low- to moderate-income communities.

About Neighborhood Partnership Housing Services (NPHS)

NPHS is a local nonprofit community development organization part of the Neighborworks® Network which is dedicated to creating innovative housing and economic solutions that advance the well-being of people, vitality of neighborhoods, creation of jobs and sustainability of the environment. NPHS accomplishes its mission through neighborhood redevelopment, realty services, community lending and community wealth building. Visit www.nphsinc.org for further information.

About the Wells Fargo Housing Foundation 

In 2017, the Wells Fargo Housing Foundation donated $22.7 million in support of affordable housing initiatives serving low- and moderate-income households – including for seniors, veterans and families – through community revitalization efforts. Since its inception 25 years ago, the Wells Fargo Housing Foundation has invested more than $212.7 million in such efforts, along with mobilizing more than 4.75 million team member volunteer hours to build and rehabilitate nearly 7,600 homes and counting.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 8,050 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 38 countries and territories to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

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About Neighborhood Partnership Housing Services (NPHS)

NPHS is a local nonprofit community development organization part of the Neighborworks® Network which is dedicated to creating innovative housing and economic solutions that advance the well-being of people, vitality of neighborhoods, creation of jobs and sustainability of the environment. NPHS accomplishes its mission through neighborhood redevelopment, realty services, community lending and community wealth building. Visit www.nphsinc.orgfor further information.

About CIT

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of June 30, 2018. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information visit cit.com and follow us on Twitter, LinkedIn, YouTube and Facebook. Register to receive press releases at cit.mediaroom.com/email-alerts.

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