Homeownership Counseling Grant Program

Wells Fargo Housing Foundation


Grant amount: Unspecified amount

Next anticipated deadline: Jan 31, 2019

Later anticipated deadlines: Jun 30, 2019

Applicant type: Government Entity Nonprofit Indigenous Group

Funding uses: Applied Project / Program, Education / Outreach

Location of project: United States

Location of residency: United States

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Overview:

Since its inception in 1993, the Wells Fargo Housing Foundation has invested more than $190 million, along with mobilizing 4.7 million team member volunteer hours, to build and rehabilitate 7,100 homes and counting.

Vision statement

We are a community leader dedicated to creating affordable and sustainable housing, and investing in neighborhood revitalization efforts to build stronger communities.

Mission statement

We work with nonprofit organizations to create affordable and sustainable housing initiatives serving low- and moderate-income households, including those for seniors, veterans, and under-served families. We build stronger communities by investing and volunteering in support of neighborhood revitalization efforts.

To accomplish this mission, we collaborate with established local and national nonprofit housing organizations that demonstrate the ability to create affordable and sustainable housing for low-to-moderate income families, seniors, and veterans, and to revitalize neighborhoods.

Homeownership Counseling Grant Program

Our Homeownership Counseling Grant Program (HCGP) provides financial resources to local nonprofit housing organizations to create affordable and sustainable homeownership opportunities for low-to-moderate income (LMI) people. The grant program focuses exclusively on homebuyer counseling, homebuyer education, and foreclosure prevention activities. All grants are reviewed by a local Wells Fargo Housing Foundation charitable giving manager and committee for final funding decision.

Program segments

We provide grants for costs directly associated with programs or projects that qualify as an HCGP program segment.

  • Homebuyer counseling:
    • Counselor-to-client assistance that addresses unique financial circumstances and housing issues, and focuses on overcoming specific obstacles to achieve housing goals such as:
      • repairing credit,
      • locating cash for a down payment,
      • recognizing predatory lending practices,
      • understanding fair lending and fair housing requirements,
      • avoiding foreclosure, or
      • resolving a financial crisis.
    • Includes credit and budget counseling efforts.
  • Homebuyer education
    • Education with an established curriculum and instructional goals, provided in a group or classroom setting or other formats (such as online), that covers such homeownership topics as the homebuying process, how to maintain a home, budgeting, the importance of good credit, and other homebuying related subjects. Pre-homebuyer education includes 4 to 8 hour workshops.
    • Post-homebuyer education includes reverse-mortgage education efforts.
  • Foreclosure prevention counseling 
    • Counseling efforts designed to help families keep homes that are facing foreclosure and stabilize the overall housing market.
    • Provides information and assistance to avoid foreclosure.

You can learn more about this opportunity by visiting the funder's website.

Eligibility:

  • The nonprofit organization must be tax exempt under Internal Revenue Service Code 501(c)(3).
  • Non-profit must have completed at least two consecutive years of operations as of the date of application.
  • Non-profit may only receive one grant per calendar year from the Homeownership Counseling Grant program.
  • Grant funding must be used within one year of grant award date.
  • Project/program must serve low to moderate income homebuyers & homeowners.

Ineligibility:

  • The Housing Foundation does not provide support to IRS 501(c)(3) private foundations or government entities that are not tax exempt under Internal Revenue Service Code 501(c)(3).
  • The Housing Foundation does not provide multi-year grants. The organization must reapply for future consideration.
    • Nonprofits who have received HCGP funding in previous year(s), must complete and submit an online progress/final report prior to applying for additional HCGP funding.
    • HCGP applications will be declined for not meeting reporting requirements associated with a previous HCGP grant.
  • The following housing program types are not eligible for HCGP grant funding:
    • Individual Development Accounts (IDAs)
    • Loan pool programs
    • Rental housing, group home, long-term care facilities, or shelter housing programs
    • The project or program must serve owner-occupied low-to-moderate income homeowners and homebuyers.
  • Due to federal law, and the Housing Foundation's policy and budget limitations, the foundation doesn’t provide grants for
    • Religious organizations for religious purposes
    • Organizations designed primarily for lobbying
    • Purchase of advertising (including booths and tickets)
    • Fundraising dinners
    • Video or film production
    • Club memberships
    • Political campaigns
    • Endowment campaigns
    • Recreation programs
    • Individuals
    • Capital campaigns
  • Additionally, your organization may not be eligible for support if you receive funding from a Wells Fargo supported organization (for example, housing intermediary).