Wells Fargo gives $80,000 to support affordable housing in Dallas

In Dallas, Texas, on November 27, 2024, the Wells Fargo Foundation announced a significant $80,000 grant to Dallas Area Habitat for Humanity. This funding comes at a crucial time as more than one in five Texas households are grappling with the burden of spending over half of their income on housing. The grant is part of the 2024 Wells Fargo Builds program, which aims to enhance access to affordable housing across the United States. Dallas Area Habitat for Humanity is among 179 local affiliates that have received monetary support through this initiative. The program seeks to foster community engagement and improve living conditions by facilitating the construction of affordable homes. Volunteers from various Dallas-area Wells Fargo branches, in partnership with Dallas Habitat and local families, will actively engage in the building of a new home in a revitalizing area of southern Dallas. With rising home prices posing a challenge, families like Ketema Hora and Serkalem Wondiye Eliyas, who have lived in Dallas for 15 years, represent those striving for homeownership in a challenging housing market. Ketema and Serkalem, who have a growing family with two young children, exemplify the demographic that the grant aims to assist. Their pursuit of a stable home environment, amid escalating costs and competition within the housing market, highlights the urgent need for interventions like the Wells Fargo grant. The CEO of Dallas Area Habitat for Humanity, Ashley Brundage, expressed gratitude for the support, emphasizing the partnership's role in addressing the housing crisis. This funding is a part of a broader commitment by Wells Fargo, contributing a total of $6.375 million to Habitat for Humanity International to facilitate affordable housing development for over 290 families in various communities across the nation. As Dallas prepares to welcome a new family into their home, the identity of the family benefitting from this initiative will be revealed in the months to come. The overarching goal is to break the cycle of poverty and uplift the community through strategic partnerships and volunteer efforts.