Fort Worth-based Trinity Habitat has received a grant for $255,000 from Wells Fargo to support the agency’s work in providing affordable housing in the Carver Heights East Neighborhood of Fort Worth for local families in need. The check presentation took place on March 29 in front of a recently built home owned by the Jaramillo family.
The Jaramillo family helped build the home, pays an affordable mortgage, and along with the other Habitat families in Carver Heights East, are an integral part of the neighborhood revitalization project.
The grant is part of Wells Fargo’s Leading the Way Home® Priority Markets program, a nationwide effort to increase the availability of affordable housing while stabilizing and rebuilding distressed neighborhoods. The Wells Fargo Housing Foundation has provided 59 Priority Market grants totaling $6 million, and this is the fifth such donation made to Trinity Habitat.
This latest grant will help Trinity Habitat focus on a 10-block area, where they will build 40-60 new homes, externally rehab 20-30 existing homes, and buy and tear down up to 15 dilapidated properties over the next several years.
In attendance at the check presentation was the Wells Fargo Region Bank President, Gary Hudson; Trinity Habitat’s Executive Director, Gage Yager; Trinity Habitat’s Family Partner Manuela Jaramillo; Tarrant County Commissioner, Roy Brooks; and District Director for Councilwoman Gyna Bivens, Sandi Breaux.
Trinity Habitat for Humanity revitalizes neighborhoods by building quality, affordable homes and rehabbing existing homes with volunteer labor and donations of money and materials. Sponsors and donors underwrite construction costs of Habitat for Humanity homes. Partner families invest “sweat equity” in the construction of their homes and others’ houses, working side by side with volunteers. Partner families make affordable monthly payments on a no-interest mortgage held by Habitat. Trinity Habitat for Humanity has built over 640 new homes and preserved more than 1,100 existing homes in Tarrant, Johnson, Parker and Wise counties since 1989.
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, insurance, investments, mortgage, and consumer and commercial finance through more than 8,400 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 268,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. The Chronicle of Philanthropy ranked Wells Fargo No. 3 on its most recent list of the top corporate cash philanthropists. In 2016, Wells Fargo donated $281.3 million to 14,900 nonprofits and Wells Fargo team members volunteered 1.73 million hours with 50,000 nonprofits. Wells Fargo’s corporate social responsibility efforts are focused on three priorities: economic empowerment in underserved communities, environmental sustainability, and advancing diversity and social inclusion. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.