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Wells Fargo Announces $1 Billion affordable housing commitment

By Stacy M. Brown | NNPA Newswire| The Atlanta Voice

Candy Moore, the senior vice president and manager of Wells Fargo’s Community Relations and Southeast Community Development, told NNPA Newswire that the company will invest $1 billion over the next five years from its business and foundation to help make housing more affordable.

“We will address three key issues in underserved communities that have been plagued by the lack of affordable housing – housing affordability, financial health and small business growth,” said Moore.

“Charitable giving has always been a part of our history,” Moore said.

“And, we feel we should be doing even more to address the systematic changes in affordable housing and uncover new ways to increase the availability and sustainability of affordable housing,” she said.

Moore noted that if one took the available affordable housing units in Washington, D.C., Philadelphia, Chicago, Los Angeles, Houston and Atlanta, it would still fall far short of meeting current housing demands.

“We want to continue to help the underserved reach their full potential with the support we’re offering through our philanthropic efforts,” Moore said.... Click here to read more.

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