Jacksonville Joins NeighborhoodLift Project

July 23, 2012 (Chris Moore)

Jacksonville has been chosen by Wells Fargo & Company to become the ninth market in the nation to join the bank’s NeighborhoodLift pilot program designed to help communities attract qualified, prospective homebuyers to neighborhoods struggling with high inventories of unsold homes.

Jacksonville joins Los Angeles, Atlanta, Phoenix, Las Vegas, Houston, Miami, Tampa and Orlando as a participant in the program based on the city’s high concentrations of homeowners, foreclosures, delinquencies, and overall housing inventory.

Jacksonville also joins Miami, Tampa and Orlando in an ensemble of four cities in Florida to share in Wells Fargo’s five year goal to generate $1.75 billion in mortgage purchase loans which includes a $7 million investment the bank is making in Jacksonville this year for down payment assistance grants and homebuyer support programs that help consumers achieve successful, sustainable home ownership.

Prospective home buyers can apply for down payment assistance grants of up to $15,000 per homebuyer through the Wells Fargo foundation.

A two day NeignborhoodLift event is being held on July 27th and 28th at the Prim Osborn Convention Center from 10:00 a.m. to 7:00 p.m. on both days. Similar two day events were held in Los Angeles, Atlanta, Phoenix, Las Vegas, Houston, Miami and Tampa have helped create 171 new homeowners with another 149 in the process of closing on a home.

At the event, prospective home buyers can apply for the down payment assistance and participate in homebuyer education sessions and tours of residential properties for sale in the Jacksonville market.

The address for the event is:

Prim Osborn III Convention Center
West Hall A
1000 Water Street
Jacksonville, FL 32204

Walk-ins are welcome, but registration is strongly recommended in order to guarantee the ability to meet one-on-one with a professional. You can register online here.

For a list of what documents to bring that will help you when you meet an on-site professional, click here.

For any questions that you may have about the event, please call 1-866-858-2151, M-F, 8 am to 5 pm CT.

Tags: Wells Fargo, NeighborhoodLift, Jacksonville, mortgage purchase loans, homebuyers, down payment assistance, sustainable home ownership

Source:
Wells Fargo