Wells Fargo Foundation Awards $6 Million to Revitalize Neighborhoods

Wells Fargo Foundation Awards $6 Million to Revitalize Neighborhoods

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."

"." Wells Fargo & Company Press Release 10/05/2015.