Orlando Joins NeighborhoodLift Project

July 11, 2012 (Chris Moore)

Orlando has been chosen by Wells Fargo & Company to become the eighth 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.

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

Orlando also joins Miami and Tampa 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 Orlando 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 13th and 14th at the Orange County 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 and Miami which helped more than 1,662 prospective home buyers qualify for down-payment assistance totaling almost $31 million.

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 Orlando market.

The address for the event is:

Orange County Convention Center
West Hall D-1
9800 International Drive
Orlando, FL 32819

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, Orlando, mortgage purchase loans, homebuyers, down payment assistance, sustainable home ownership

Source:
Wells Fargo