Homeownership Counseling Grant Program
Wells Fargo Housing FoundationSuggest an update
Grant amount: Unspecified amount
Next anticipated deadline: Feb 28, 2020
Later anticipated deadlines: Jul 30, 2020
Applicant type: Government Entity Nonprofit Indigenous Group
Funding uses: Project / Program, Education / Outreach
Location of project: United States
Location of residency: United StatesView website Save Need help writing this grant?
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.
We are a community leader committed to investing in affordable and sustainable housing initiatives and neighborhood revitalization efforts, helping to build stronger communities where our customers and team members live and work.
We deliver industry leading programs that advance sustainable homeownership, drive economic growth, and improve the communities we serve — while furthering our journey to rebuild trust.
To accomplish this mission, we collaborate with established local and national nonprofit housing organizations that demonstrate the ability to create affordable and sustainable housing initiatives serving low- to moderate-income households, including seniors, veterans, and underserved families and individuals. We build stronger communities by investing and volunteering in support of neighborhood revitalization efforts.
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.
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.
- 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.
- 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
- 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).
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