HousingWire reports that non-profit NeighborWorks America and Wells Fargo have provided $27 million in down payment assistance grants to help 1,624 moderate-income buyers purchase a home. Initially begun in Los Angeles and Atlanta in 2012, the program has provided $15,000 to $30,000 down payment grants to those who meet the requirements. Jon Campbell, Wells Fargo’s executive vice president, says, “These programs encourage the kind of collaboration that needs to keep happening between the private sector, the non-profit sector and elected and public officials.” MHProNews has learned over $64 million is still available in select markets.
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