FOR IMMEDIATE RELEASE
Wells Fargo Advisors and Habitat Celebrate the Bluegrass Complex 50th Build in Five years
Wells Fargo Advisors team members join Habitat for Humanity
in Richmont Terrace neighborhood for their 50th build day and a celebration ceremony.
LOUISVILLE, KY – Nov. 16, 2018 – On Friday, Habitat for Humanity of Metro Louisville and Wells Fargo Advisors teamed up to celebrate the Bluegrass Complex’s 50th Habitat build in five years. The celebration included a plaque presentation commemorating the milestone and Wells Fargo Advisors’ commitment to giving back to the community. In addition to the celebration, 20 Wells Fargo Advisors team members worked on two Habitat homes in the Richmont Terrace neighborhood.
Over the last five years, the Wells Fargo Advisors Bluegrass Complex has completed 50 Habitat builds as part of their Team Member Volunteer Program. They have partnered with Habitat on more than nine homes in Louisville along with builds in Lexington, Bowling Green, Madison/Clark counties, Owensboro and New Albany, Indiana. Through the program, Wells Fargo Advisors team members have dedicated over 2,100 volunteer hours to support affordable housing and neighborhood revitalization efforts throughout Kentucky.
“This build day and celebration represents our long-standing commitment to affordable housing for families, which is a critical to strengthening neighborhoods,” said John Gardner, of the Wells Fargo Advisors Bluegrass Complex. “We are proud of the fact that for the last five years Wells Fargo Bluegrass Complex volunteers have rolled up their sleeves to make the dream of homeownership possible for more than 50 families in need of affordable housing.”
Made possible in-part by funding provided through the Wells Fargo Housing Foundation and team member volunteerism, the Bluegrass Complex has contributed $750,000 to Habitat builds throughout Kentucky and will be contributing $15,000 to support the Richmont Terrace project. Established in 1993, the Wells Fargo Housing Foundation is committed to increasing low to moderate-income homeownership through the development of affordable housing.
“Louisville Habitat applauds the many hours Wells Fargo team member volunteers have dedicated to building the homes, communities and hope across Kentucky,” said Rob Locke, CEO of Habitat for Humanity of Metro Louisville.
As part of Wells Fargo’s 2020 Corporate Social Responsibility Commitment, Wells Fargo pledged to help build and improve 1,000 homes by 2020 in support of affordable housing initiatives serving low-and moderate-income households, including for seniors and veterans. Wells Fargo met its goal, surpassing 1,000 homes at the end of 2017, more than two years ahead of its deadline.
“We congratulate the Bluegrass Complex on their 50th Habitat build in 5 years and look forward to working with them to provide more affordable housing solutions in the future.” said Rob Locke, CEO of Habitat for Humanity of Metro Louisville.
About Habitat for Humanity of Metro Louisville
Habitat for Humanity of Metro Louisville was founded in 1985 by a group of people concerned with the lack of affordable housing in Louisville. Since then, Habitat for Humanity has built or renovated over 500 homes in Louisville and Oldham County. Through volunteer labor and the donations of money and materials, Habitat builds and renovates stable, quality affordable home for people who make between 30%-80% of the area’s median income. All partner families are required to invest 400 hours of sweat equity in their home and in homeowner education classes. Houses are sold at no profit with a zero interest, 20-year loan. The homeowners’ mortgage payments are reinvested to build more Habitat homes. For more information, visit www.louisvillehabitat.org.
About the Wells Fargo Housing Foundation
In 2017, the Wells Fargo Housing Foundation donated $22.7 million in support of affordable housing initiatives serving low- and moderate-income households – including for seniors, veterans and families – through community revitalization efforts. Since its inception 25 years ago, the Wells Fargo Housing Foundation has invested more than $212.7 million to such efforts, along with mobilizing more than 4.75 million team member volunteer hours to build and rehabilitate nearly 7,600 homes and counting.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 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 more than 8,300 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 263,000 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.