Resources for affordable housing are declining, even as the need is accelerating. This alarming trend has a disproportionate impact on seniors, millennials, families, and Native American populations. The issue is even more acute for the most vulnerable in each of those cohorts.
Thanks to the collective support of the Wells Fargo Bank and the Wells Fargo Foundation, Enterprise is working to address numerous housing challenges in cities and in rural areas across America.
Wells Fargo has partnered with Enterprise on its Housing Affordability Breakthrough Challenge. This bold effort aims to elevate innovation and drive new ideas for the next generation of housing affordability solutions which address housing affordability across construction, finance and resident services and support.
Enterprise’s State & Local Policy Team is working with key stakeholders at various levels in Atlanta, Chicago, California, Denver, the Gulf Coast, Maryland, Miami, New York, Ohio and the Pacific Northwest to advance location-specific housing solutions, while at the same time assessing the efficacy of specific policies and recommendations in connecting people to opportunity.
We are also helping to build the capacity of Tribal housing organizations to help more tribal families navigate the complexities of purchasing a home on Native American trust lands to improve their economic stability and quality of life.
Wells Fargo also supports ongoing market programs focused on driving economic mobility, advancing racial equity and fostering preservation, among others, is helping Enterprise to create and preserve affordable housing connected to opportunity across the country.
Additionally, we are proud that Wells Fargo Foundation has made a significant contribution to our Emergency Action for Partner and Resident Stability program. The Covid-19 response effort offers community partner organizations a broad range of support, including emergency grants and long-term technical assistance, to help vulnerable, low-income families and individuals can remain their homes and access support during the pandemic.