New Mexico Homeownership to Get $4.6 Million Boost - Seite 2

Approved homebuyers will have up to 60 days to finalize a contract to purchase a home in New Mexico.

“This innovative public-private collaboration will create about 430 more homeowners in New Mexico,” said Gary Wolfe, regional vice president, western region, NeighborWorks America. “The required homebuyer education classes provided by certified professionals better prepare NeighborhoodLIFT homebuyers to achieve their goal of sustainable homeownership.”

To reserve the full grant amount, participants buying a primary residence with the NeighborhoodLIFT program must commit to live in the home for five years.

“We are excited to team-up with the NeighborhoodLIFT program for New Mexico families that will provide homebuyer education and down payment assistance to help them achieve sustainable homeownership,” said Laura Altomare, chief communications officer of Homewise. “The NeighborhoodLIFT program offers New Mexico families an affordable and accessible way to realize their homeownership goals.”

Since February 2012, LIFT programs have helped create more than 17,550 homeowners in 58 communities. A video about the NeighborhoodLIFT program is posted on Wells Fargo Stories.

About Homewise and NeighborWorks America

Homewise is a chartered member of NeighborWorks America, a national organization that creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities. NeighborWorks America supports a network of more than 245 nonprofits, located in every state, the District of Columbia and Puerto Rico. Visit www.homewise.org, or http://www.neighborworks.org/ to learn more.

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, investments, mortgage, and consumer and commercial finance through 8,200 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 265,000 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. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

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