West Sacramento, Calif. — Wells Fargo Foundation granted $250,000 to Rural Community Assistance Corporation (RCAC) to advance its efforts to improve housing security by providing tools and training to vulnerable communities across the rural West.
RCAC is among several national housing counseling intermediaries that received grants to strengthen housing stability for renters and homeowners in regions facing rising financial challenges. RCAC will use the funding to enhance local housing counselors’ and nonprofit housing providers’ capacity to offer foreclosure prevention assistance, eviction assistance, financial counseling and coaching.
Through this partnership with Wells Fargo, RCAC will continue implementing the Keeping People Housed initiative and fortify support for housing counseling agencies that provide financial literacy services and training on critical topics including home affordability, budgeting, credit history, fair housing regulations, and homebuyer education. As state and federal programs associated with COVID-19 have ended, demand for these services has increased exponentially, underscoring their critical importance in helping people stay in their homes.
“RCAC applauds Wells Fargo for providing resources to help renters and homeowners navigate difficult economic times and remain safe in their homes,” said Suzanne Anarde, RCAC Chief Executive Officer. “We’re grateful for the consistent support for our rural communities.”
Founded in 1978, RCAC provides training, technical and financial resources and advocacy so rural communities can achieve their goals and visions. RCAC serves rural communities in 13 western states and western Pacific islands. Services are available to communities with populations of fewer than 50,000, other nonprofit groups, Tribal organizations, farmworkers, colonias and other specific populations. RCAC staff provides direct services in program areas including affordable housing, environmental services, economic development and lending. To learn more about RCAC, visit http://www.rcac.org
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.98 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Julia Helmreich, director
Communications, Development & Events
(916) 447-9832 ext.