Wells Fargo is focused on creating a path to stability for individuals and families that lack access to affordable housing—a focus that parallels Habitat’s mission to transform lives and our city in partnership with families in need. The financial services company is currently working together with Habitat for Humanity Philadelphia to ensure that through affordable housing, we can economically empower more people.
On Friday, June 20, 2019, representatives from Wells Fargo arrived at Oxford Green, a 20-home project taking place in the North Philadelphia Sharswood neighborhood, to present $85,000 in support for the construction of these homes and the crucial repair of two homes of U.S veterans living in Philadelphia.
$45,000 of this funding will directly affect future homeowners at Oxford Green, all of whom are currently working alongside Habitat to complete their homes and provide a safe and stable environment for their families. In addition to financial support, Wells Fargo team members have also dedicated volunteer hours to help construct Oxford Green. Before and after the check presentation on June 20, ten Wells Fargo employees pieced together the framing of Oxford Green homes.
The funding was provided through Wells Fargo’s VeteranWINS grant program. Its mission is to provide financial resources to help invest, strengthen, and support sustainable military and veteran housing programs. Specifically, this funding could support new construction, capital improvement and rehabilitation work, and supportive services projects that focus on neighborhood revitalization and stabilization efforts.
The other $40,000 of funding will contribute to the repair of two veteran homes. One Navy veteran, Mr. Sadler, served his country in the early 1960s. He spent his time in the Philadelphia Navy Yard on the USS Blackwood and was part of the Cuban Missile Crisis embargo. With the Habitat Repair team and Wells Fargo’s support, Mr. Sadler is able to remain settled in his home and know that it is providing safety, security, and self-reliance after years of dedicated service.
Wells Fargo has been proud to serve the military since 1860 when they transported the funds for their pay. Now, they are as committed as ever to serving veterans and their families, through partnerships such as this one, hiring 20,000 veterans by 2020, offering banking services and mortgage services as well as financial education resources to active service members and military veterans. Additionally, they provide the benefits and protections required by the Servicemembers Civil Relief Act (SCRA).
With Wells Fargo’s partnership and as we join in our mission to support more homeowners, we can provide more of Philadelphia with a decent place to live.