Friday, August 24, 2012

Wells Fargo and Non-profit will provide homes to Military families.

Wells Fargo, Nonprofit Partner to Provide Homes to Military Families

National nonprofit Operation Homefront announced Thursday that Wells Fargo will donate up to half a million dollars in bank-owned properties to help house military families.

The bank will provide the homes and other support as part of Operation Homefront’s “Homes on the Homefront” program. The two organizations will match unsold homes in the bank’s inventory with deserving families served by the nonprofit. Homefront will provide ongoing transitional services to the recipients until the properties are actually deeded to families.

“Operation Homefront is thrilled to welcome Wells Fargo as a partner for our Homes on the Homefront program,” said Jim Knotts, Operation Homefront CEO. “Wells Fargo’s assistance with the program ensures that more veterans and their families will be able to grow and move forward following their transition from the military.”

The program’s first priority is to take families who currently live at Operation Homefront Village-a transitional housing facility for Wounded Warrior families-and place them in homes.
In order to be eligible for the program, applicants: Must be on active duty, Guard or Reserve, or have been honorably discharged; must not currently be a homeowner; and must be financially capable of sustaining the home throughout an initial transition period and beyond. Any veteran of any era may apply, regardless of wounded or disability status.

“Wells Fargo is proud to support Operation Homefront’s efforts to make housing available for veterans,” said Tyler Smith, a VP with Wells Fargo Home Mortgage’s Premiere Asset Services. “We hope more companies and individuals will get involved with supporting Operation Homefront’s mission that brings resources to veterans seeking ways to overcome homelessness and to address economic challenges, including with the housing market.”
©2012 DS News. All Rights Reserved.

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