Wells Fargo Awards $1.2 Million for Rural Housing Initiative

San Francisco-based has announced a $1.2 million grant to in support of the organization’s Safe and Sound rural community revitalization initiative.

Awarded through the , the grant will be used to bring fifty substandard rural homes in nine communities up to state and federal housing codes or replace them with Energy Star-rated factory-built homes. The effort also will focus on improving the energy efficiency of and air and water quality in each home.  

As part of the initiative, NeighborWorks America will re-grant $128,500 to nine nonprofit organizations. Recipients include the in Burlington, Vermont; in Elizabethtown, New York; , in Montana; in Kingston, New York; in Rochester, New York; in Roseburg, New York; in Russellville, Arkansas; in Sisseton, South Dakota; and in Visalia, California.

"Wells Fargo is delighted to team with NeighborWorks America with this commitment to revitalize homes in rural communities," said Wells Fargo Housing Foundation assistant director Connie Wright. "While we are encouraged to see improvement in many housing markets, sustainable and affordable housing continues to be a critical need in communities of all sizes. We understand we can’t solve these challenges on our own, and when the public and private sector work together it can add up to make a huge difference for the community."

"." Wells Fargo & Company Press Release 07/27/2015.