The wall-raising ceremony for a new Habitat home in the Thomasboro-Hoskins neighborhood of Charlotte, North Carolina.
Alexa Johnson, Habitat for Humanity of the Charlotte Region The wall-raising ceremony for a new Habitat home in the Thomasboro-Hoskins neighborhood of Charlotte, North Carolina.

To lessen the need for affordable homes throughout the United States, Wells Fargo has announced an initiative to support new-home construction, renovation, and repair of more than 350 affordable homes. The initiative is in collaboration with Habitat for Humanity International.

Habitat for Humanity International—No. 27 on the 2022 Builder 100—believes that when people have shelter, they are empowered. Through the Wells Fargo Builds program, Wells Fargo will provide $7.75 million in grant funding to help local Habitat for Humanity affiliates increase the supply of affordable homes in 200 communities nationwide.

Since 2010, Wells Fargo and the Wells Fargo Foundation have donated more than $119 million to Habitat for Humanity International and local affiliates for affordable and sustainable housing, including support for new-home construction and repairs, helping older adults stay in their homes, and neighborhood revitalization and disaster response efforts.

"Habitat for Humanity and Wells Fargo have a shared commitment to creating a world where everyone has a decent place to live," says Jonathan Reckford, CEO of Habitat for Humanity International. "With the support of Wells Fargo this year, we will be able to help even more families achieve strength, stability, and self-reliance through shelter and create stronger and more resilient communities. We are grateful for their continued partnership.”

The first Wells Fargo Builds 2022 event began with a wall-raising ceremony for a new Habitat home in the Thomasboro-Hoskins neighborhood of Charlotte, North Carolina. Habitat for Humanity of the Charlotte Region received a $130,000 grant to build the home for a family of six and to make necessary repairs to an older home in the community.

Wells Fargo employees and volunteers raising a wall for a new home in Charlotte, North Carolina.
Alexa Johnson, Habitat for Humanity of the Charlotte Region Wells Fargo employees and volunteers raising a wall for a new home in Charlotte, North Carolina.

Fifteen Wells Fargo employees volunteered alongside the future first-time homeowner at the kickoff event. Many others will volunteer on various new construction, critical home repair, and renovation projects in other communities throughout the year.

"The pandemic highlighted in a new way that a quality and affordable place to call home, especially during times of crisis, is critical to the safety and security of families," says Mary Mack, CEO of consumer and small business banking for Wells Fargo and a Habitat for Humanity International board member. "Volunteering with Habitat has always been a huge source of pride for our employees, and we're excited to put on our hard hats to help families start a new journey in their lives as homeowners."

Wells Fargo also supports Habitat's Cost of Home five-year advocacy campaign through which local Habitat affiliates, partners, volunteers, and community members are striving to help 10 million people gain access to an affordable home.