Des Moines, IA (Dec. 14, 2021) – Greater Des Moines Habitat for Humanity is one of more than 220 Habitat organizations awarded a grant from Wells Fargo as part of its nationwide initiative to help low-to-moderate income families construct and improve homes across the country.
“Far too many people across the country are facing housing instability and one of our key priorities is to create housing affordability solutions where everyone can have a safe and affordable place to call home,” said Micah Kiel, Community Affairs Consultant at Wells Fargo. “We are proud to support Habitat for Humanity in providing homeownership opportunities for hundreds of families nationwide through Wells Fargo Builds.”
GDM Habitat for Humanity will receive $240,000 and use the funding to build three homes in Des Moines. All three homes were dedicated on Saturday, Dec. 4, and each will be purchased with an affordable mortgage by three families by the end of this year.
“Wells Fargo is one of GDM Habitat’s most highly valued partners, providing essential support through funds, volunteers, and expertise through boards and committees,” said Lance Henning, president & executive director of GDM Habitat. “You can see the evidence of Wells Fargo’s commitment to affordable housing throughout the neighborhoods we serve.”
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 philanthropic financial support and volunteerism to create sustainable affordable housing. More than 340 homes will be constructed or repaired with Habitat in over 40 states through the initiative this year. Wells Fargo Builds is part of Wells Fargo’s $1 billion philanthropic commitment to create more housing affordability solutions by 2025.