Woodbridge, VA – August 1, 2023 – First Home Alliance is privileged to announce that once again they are the recipient of a grant from Wells Fargo. After receiving an initial grant on July 1, 2023, FHA is honored to again receive a contribution, partnership, and support of grant funds from Wells Fargo to total over $25,000. These funds are in addition to the $50,000 received from the respected bank at the beginning of July 2023. The funds are not coming directly to FHA from Wells Fargo, but the assistance will be administered through HomeFree-USA.
FHA Founder and President Larry Laws said, “We are excited to improve and continually evolution our relationship with HomeFree-USA in this new direction. Marcia Griffin and I have worked together for many years to make the American Dream of homeownership a reality for underserved communities and this new partnership with Wells Fargo means we can help make that dream a reality for thousands of additional families.” These new funds will enable this important community empowerment to continue.
HomeFree-USA is a trusted organization working to bridge financial strength and homeownership for people of color. They’re connecting consumers, the mortgage industry, and government programs to create new homebuyers and foster sustainable homeownership. FHA and HomeFree-USA have worked together to revitalize at-risk communities for over 10 years with mission statements that align and support one another.
These funds will allow FHA to continue offering experienced community assistance and homeownership guidance, including financial literacy education, assistance on understanding the home buying process, guidance on navigating the loan procedure, loss-mitigation recommendations, and fair-housing regulations. First Home Alliance is excited for the new opportunities this partnership and grant will provide underserved communities.
Wells Fargo & Company (NYSE: WFC) is a leading financial services company and is a leading middle market banking provider in the U.S. They provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance. The company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, and financial health.
HomeFree-USA is a nationwide organization committed to bridging America’s racial wealth gap and strengthening the economic mobility of historically marginalized communities through homeownership. Their culturally-anchored approach creates unique collaborative opportunities. As a HUD-intermediary, HomeFree-USA serves the diverse interests of 6.3 million consumers through its network of over 50 affiliated community-based nonprofits.
First Home Alliance is a HUD-approved 501(c)3 not-for-profit housing counseling agency promoting financial literacy and economic self-sufficiency. Their mission is to increase home ownership among low-to-moderate income communities and to sustain ownership through loss-mitigation counseling and foreclosure intervention. For more information or to make a tax-deductible donation to empower their mission please visit: www.FirstHomeAlliance.org.