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Mayor Hancock to join Wells Fargo, NeighborWorks America, and Community Resources and Housing Development Corporation to announce $5.65 million NeighborhoodLIFT® program for
WHO: Michael B. Hancock, Hon. Mayor, City of Denver
Shelley Marquez, community development manager, Wells Fargo
Gary Wolfe, regional vice president, NeighborWorks America
Al Gold, executive director, Community Resources and Housing Development Corporation
WHEN: Wednesday, March 12, 2014
WHERE: Wellington E. Webb Municipal Office Building
201 W. Colfax Ave., lobby
WHAT: NEWS Conference to announce a $5.65 million local program that will provide $15,000 in down payment assistance grants for eligible Denver homebuyers with the Wells Fargo NeighborhoodLIFT® program – an initiative effort to help revitalize neighborhoods through sustainable homeownership.
The NeighborhoodLIFT® program will include a two-day event that will take place April 4-5 at the Colorado Convention Center where prospective homebuyers may qualify for $15,000 in down payment assistance to purchase a home in the City and County of Denver. Prospective homebuyers are encouraged to register to attend the event at www.neighborhoodlift.com; walk-ins are also welcome. In addition, prospective home buyers will be able to take advantage of home buyer education sessions and preview featured homes available for sale in local neighborhoods.
Wells Fargo will collaborate with the City and County of Denver, and nonprofits CRHDC and NeighborWorks America to implement the program. NeighborhoodLIFT® program funds may be applied to loans with any approved lender and to 203k renovation loans to make improvements as part of a new mortgage purchase loan. Applicants must complete homebuyer education and have a contract to purchase a home to be eligible for a down payment assistance grant.
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