JOHNS ISLAND, S.C., Sept. 9, 2015 – Sea Island Habitat for Humanity announced today that it received a $68,000 grant from Wells Fargo to sponsor construction of a new home in their Brownswood Place neighborhood on Johns Island.
The donation covers all construction material costs from framing to counter tops, and will provide a safe, affordable home for single mother, Dorshay Nelson and her three children. Habitat homeowners are not given a home; they have a 30-year, interest-free mortgage on an 1100 sq. ft., Energy Star home in a safe neighborhood. To qualify for a Habitat home, applicants must meet HUD income guidelines, provide 300-500 sweat equity hours, have good credit and attend financial planning classes.
“We are extremely grateful to Wells Fargo and its employees for their continued commitment to community development, as well as their support of our Habitat mission,” said John Rhoden, Executive Director for Sea Island Habitat for Humanity. “Over the years our partnership with Wells Fargo has been critical to helping hard working, local families realize the dream of homeownership.”
“Wells Fargo is thrilled to support Sea Island Habitat for Humanity because we have a commitment to helping provide affordable housing in our communities,” said Wells Fargo Business Banking Manager Dawson Smith. “We are known as America’s Community Bank, and creating affordable housing opportunities for low-income families who now have homes in which they can take great pride is a mission Wells Fargo has always believed is important.”
Team member volunteers worked on the home at the start of construction on Aug. 27. More than 192,000 Wells Fargo team members have provided 4.7 million volunteer hours to build and improve over 5,000 homes since 1993.
“Our commitment to supporting Sea Island Habitat for Humanity connects directly with our vision and values in that we are dedicated to promoting the long-term economic prosperity and quality of life for everyone in our communities,” said Wells Fargo South Carolina Community Affairs Officer, Susan Bankson. “We believe in being present and proactive in our local neighborhoods and making a difference in society.”
About Sea Island Habitat for Humanity
Sea Island Habitat for Humanity is the third oldest Habitat in the country. The independent, nonprofit, ecumenical Christian housing ministry partners with people of all beliefs. Sea Island Habitat for Humanity has served its community as an affiliate of Habitat for Humanity International since 1978 and has provided housing solutions for over 300 local families. For more information, visit www.seaislandhabitat.org or call 843-768-0998.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,700 locations, 12,800 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.