February 20, 2023
CHARLOTTE, NC (December 8, 2021) – Habitat for Humanity of the Charlotte Region is one of 220+ Habitat affiliates nationwide to be awarded a grant from Wells Fargo through the company’s commitment to help low-to-moderate income families build and own an affordable home.
The grant is part of a $7.75 million donation Wells Fargo is making to Habitat for Humanity International through Wells Fargo Builds, an initiative that provides financial support and volunteerism to create sustainable, affordable housing. More than 340 homes will be built and/or repaired by Habitat in more than 40 states through the initiative by the end of this year alone. Wells Fargo Builds is part of Wells Fargo’s $1 billion commitment to create more affordable housing opportunities in America by 2025.
“Far too many people across the country are facing housing instability,” said Karen Lambert, Region Bank president for Wells Fargo. “One of our key priorities is to create housing affordability solutions where everyone can have a safe and affordable place to call home.”
Habitat Charlotte Region will use the funding to build two homes in Charlotte, one in the University area, and the other in West Charlotte’s growing Wingate community, where a young family with five children will purchase the home with an affordable Habitat mortgage.
The Wingate community was originally developed as Mayfair Gardens in the 1930’s to serve Charlotte’s burgeoning middle class. Since 2008 Habitat has built 21 homes in Wingate and plans to build 30 more in the community by 2025. The Wells Fargo funded home is one of eight currently under construction.
“Habitat is an amazing partner with the Wingate community!” said Robin Jones, president of the Wingate Neighborhood Association. “The homes being built are beautiful and will bring more diversity in the neighborhood.”
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