The has announced grants totaling $6 million through its Priority Markets Program to revitalize neighborhoods that have yet to fully recover from the Great Recession.
Sixty-nine organizations will receive support for projects aimed at stimulating investment in distressed neighborhoods across the country. The grants can be used for any expense associated with a development or redevelopment project. Recipients include the ; in Asheville, North Carolina; in Indiana; and the in Miami.
"Wells Fargo is pleased to support these nonprofits that are leading efforts to revitalize and position neighborhoods for long-term success," said Wells Fargo Housing Foundation executive director Martin Sundquist. "The Priority Markets Program is one of thousands of ways we work together with nonprofits to support local communities."