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PRESS ROOM: Homeownership in D.C., Maryland Get $7.1 Million Boost from NeighborhoodLIFT Program

NNPA NEWSWIRE — Interested homebuyers may register beginning Feb. 4 at www.wellsfargo.com/lift to attend the free event on Friday, Feb. 22, from 10 a.m. to 7 p.m. and on Saturday, Feb. 23, from 9 a.m. to 2 p.m. at the Washington Hilton (1919 Connecticut Ave NW, Washington, D.C. 20009).

Published

7 years ago

February 2, 2019

Oakland Post

By Stacy M. Brown, NNPA Newswire Correspondent
@StacyBrownMedia

Wells Fargo Company, NeighborWorks America, MANNA, Inc. and Community Housing Partners announced the NeighborhoodLIFT program. The program which focuses on boosting local homeownership in Washington, D.C., and Prince George’s County, Maryland, will launch with a $7.1 million commitment by Wells Fargo.

The 2019 NeighborhoodLIFT program is a successor to 2012’s CityLIFT program that created 350 homeowners in the area, according to a news release issued this week.

Wells Fargo has conducted 67 LIFT program events in the U.S. since 2012, creating nearly 20,000 homeowners, company officials said in a news release.

Registration opens Feb. 4 for the free event in Washington from Feb. 22 to Feb. 23

Interested homebuyers may register beginning Feb. 4 at www.wellsfargo.com/lift to attend the free event on Friday, Feb. 22, from 10 a.m. to 7 p.m. and on Saturday, Feb. 23, from 9 a.m. to 2 p.m. at the Washington Hilton (1919 Connecticut Ave NW, Washington, D.C. 20009).

Walk-ins also are welcome while grants are available for reservation.

To learn more about the eligibility requirements, visit www.wellsfargo.com/lift or call 866-858-2151.

Participating homebuyers can obtain mortgage financing from any participating lender.

MANNA, Inc. and Community Housing Partners will administer the grants, determine eligibility and provide homebuyer and financial education.

Approved homebuyers will have up to 60 days to finalize a contract to purchase a home in Washington, D.C., or Prince George’s County.

“NeighborhoodLIFT is part of Wells Fargo’s Where We Live program — a new, five-year, $1.6 billion commitment to lending and philanthropy in Washington, D.C.,” said John Allen, Wells Fargo’s region president in Washington.

“The program will help hardworking families and individuals get on the path to achieve successful and sustainable homeownership. It’s one more way Wells Fargo is improving lives and strengthening communities,” Allen said.

To be eligible for $20,000 down payment assistance grants, homebuyers must not exceed 100 percent of the local area median income, which is about $117,200 up to a family of four in Washington, D.C., and Prince George’s County.

In addition, special parameters exist for military service members, veterans, teachers, law enforcement officials, firefighters and emergency medical technicians including down payment assistance grants of $22,500 for those earning up to 100 percent of the area median income.

In addition, Wells Fargo announced it has committed $325,000 for up to 650 consumers to receive complimentary face-to-face homeownership counseling.

Interested homebuyers can receive a voucher at the NeighborhoodLIFT launch event that will provide in-person homeownership counseling at no charge with a participating HU -approved housing counselor in the area.

The complimentary Home Ownership Counseling grant program is an additional resource to the homebuyer education required for a NeighborhoodLIFT down payment assistance grant.

“This innovative public-private collaboration will create about 270 more homeowners in Washington, D.C., and Prince George’s County,” said Donald Phoenix, regional vice president, Southern region, NeighborWorks America.

“The required homebuyer education classes provided by certified professionals better prepare NeighborhoodLIFT homebuyers to achieve their goal of sustainable homeownership.”

Approved homebuyers must be approved for home financing with an eligible lender and be in contract to purchase a home in Washington, D.C., or Prince George’s County.

To reserve the full grant amount, participants buying a primary residence with the NeighborhoodLIFT program must commit to live in the home for five years.

“The NeighborhoodLIFT program will provide homebuyer education and down payment assistance to help families become homeowners,” said the Rev. Jim Dickerson, founder and chief executive officer of MANNA, Inc.

“We are excited to team up with Wells Fargo, NeighborWorks America and Community Housing Partners to make this opportunity available for so many deserving families.”

The NeighborhoodLIFT program is Wells Fargo’s single largest corporate philanthropic effort of its kind in the company’s history and is funded by the Wells Fargo Foundation.

Since 2012, Wells Fargo has committed more than $433 million of down payment assistance, housing counseling, homebuyer support and education in 67 communities across the U.S. through LIFT programs.

A video about the NeighborhoodLIFT program is posted on Wells Fargo Stories on the company’s website.

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Financial Wellness and Mental Health: Managing Money Stress in College 

While everyone’s financial situation is unique, several common sources of stress have the potential to strain your financial health. These include financial and economic uncertainty, existing debts, unexpected expenses, and mental or physical health changes. Financial stress may differ from situation to situation, but understanding the factors contributing to yours may help you begin to craft a plan for your unique circumstances.

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March 17, 2026

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Sponsored by JPMorganChase

As a college student, managing financial responsibilities can be stressful.

If you’ve found yourself staying up late thinking about your finances or just feeling anxious overall about your financial future, you’re not alone. In one survey, 78% of college students who reported financial stress had negative impacts on their mental health, and 59% considered dropping out. While finances can impact overall stress, taking steps to manage your finances can support your mental, emotional and physical well-being.

When it comes to money, the sources of stress may look different for each student, but identifying the underlying causes and setting goals accordingly may help you feel more confident about your financial future.

Consider these strategies to help improve your financial wellness and reduce stress.

Understand what causes financial stress

2. Determine your financial priorities

Start by reflecting on your financial priorities. For students this often includes paying for school or paying off student loans, studying abroad, saving for spring break, building an emergency fund, paying down credit card debt or buying a car. Name the milestones that are most important to you, and plan accordingly.

3. Create a plan and stick to it

While setting actionable goals starts you on the journey to better financial health, it’s essential to craft a plan to follow through. Identifying and committing to a savings plan may give you a greater sense of control over your finances, which may help reduce your stress. Creating and sticking to a budget allows you to better track where your money is going so you may spend less and save more.

4. Pay down debt

Many students have some form of debt and want to make progress toward reducing their debt obligations. One option is the debt avalanche method, which focuses on paying off your debt with the highest interest rate first, then moving on to the debt with the next-highest interest rate. Another is the debt snowball method, which builds momentum by paying off your smallest debt balance, and then working your way up to the largest amounts.

5. Build your financial resilience

Some financial stress may be inevitable, but building financial resilience may allow you to overcome obstacles more easily. The more you learn about managing your money, for instance, the more prepared you’ll feel if the unexpected happens. Growing your emergency savings also may increase resilience since you’ll be more financially prepared to cover unexpected expenses or pay your living expenses.

6. Seek help and support

Many colleges have resources to help students experiencing financial stress, like financial literacy courses or funds that provide some assistance for students in need. Talk to your admissions counselor or advisor about your concerns, and they can direct you to sources of support. Your school’s counseling center can also be a great resource for mental health assistance if you’re struggling with financial stress.

The bottom line

Financial stress can affect college students’ health and wellbeing, but it doesn’t have to derail your dreams. Setting smart financial goals and developing simple plans to achieve them may help ease your stress. Revisit and adjust your plan as needed to ensure it continues to work for you, and seek additional support on campus as needed to help keep you on track.

 JPMorgan Chase Bank, N.A. Member FDIC