Housing affordability: An American crisis

Housing affordability: An American crisis

The lack of affordable housing in the U.S. is putting millions of people at the edge of crisis. Too many Americans are spending more than 50% of their income to keep a roof over their head and the crisis is costing the U.S. economy billions each year. Wells Fargo has committed $1 billion by 2025 to help solve the nation’s housing affordability challenges.

Content from this campaign

Winners of Nationwide Housing Affordability Breakthrough Challenge Named
COLUMBIA, Md. and SAN FRANCISCO, September 22, 2020 /3BL Media/ – Although the housing challenges facing millions of Americans often seem intractable, organizations from across the U.S. are collaborating to deliver fresh, innovative and scalable ideas to create housing affordability solutions with support from Enterprise Community...
Sep 22, 2020 10:35 AM ET
Fahe Receives $300,000 Grant to Support Central Appalachia
BEREA, Ky., September 18, 2020 /3BL Media/ - Fahe today announced a $300,000 grant from the Wells Fargo Foundation, which will enable the Community Development Financial Institution (CDFI) to respond to the crisis in Appalachia, one of the most persistently poor regions of the country.  The funding will support Fahe’s efforts to help keep people in their...
Sep 18, 2020 12:15 PM ET
A Coalition on a Mission to Eliminate Persistent Poverty in the U.S.
The ongoing economic fallout from COVID-19 — and its disproportional impact on people of color — is being felt not just in big cities but also in rural areas of persistent poverty across the United States. Fortunately, a group of six Community Development Financial Institutions, or CDFIs, have come together to transform and lift up these persistently poor communities, aided by the financial...
Sep 14, 2020 2:30 PM ET
Helping a Veteran Age in Place in the Community and Home He Loves
Raleigh is a 72-year-old Army veteran who lives in Oakland, California. He served in the military for 27 years and was stationed at Oakland Army Base where he worked as an engineer building ports. Raleigh met his beloved wife in 1994 and he retired from the military thereafter. After many years spent traveling the country for work, Raleigh and his wife purchased a home in Oakland and...
Aug 19, 2020 3:35 PM ET
Wells Fargo Foundation Grants $1.5 Million to Funders for Housing and Opportunity
SAN FRANCISCO, July 31, 2020 /3BL Media/ – Wells Fargo & Company (NYSE: WFC) today announced a $1.5 million contribution by the Wells Fargo Foundation in support of the Funders for Housing and Opportunity (FHO) collaborative focused on advancing housing affordability solutions and relief for renter households and homeless...
Jul 31, 2020 9:15 AM ET

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