Wells Fargo, NeighborWorks America and Business & Community Lenders of Texas today joined Mayor Mike Rawlings to announce the Dallas NeighborhoodLIFT program, an initiative offering $6.15 million from Wells Fargo to boost homeownership and strengthen neighborhoods in the city’s low- and moderate-income areas.
“Homeownership is key to strengthening Dallas neighborhoods,” said Mayor Rawlings. “This public-private partnership has the potential to make a significant difference for the Dallas community. I want to recognize Wells Fargo, NeighborWorks America, and BCL of Texas for their commitment to the city of Dallas.”
Of the $6.15 million committed by Wells Fargo, $5 million will go toward down payment assistance grants and program support to help potential homebuyers overcome the barrier of making a sufficient down payment.
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