Wells Fargo NeighborhoodLIFT Program to Boost El Paso Homeownership

Eligible homebuyers can make an appointment now to apply for a
matching down payment assistance grant up to $7,500 on December 2-3 at
El Paso Convention Center

EL PASO, Texas–(BUSINESS WIRE)–Wells Fargo & Company (NYSE:WFC), NeighborWorks® America and its network
member Tierra Del Sol Housing Corporation today announced the upcoming
El Paso NeighborhoodLIFT® program with a $4.5 million commitment by
Wells Fargo to help boost local homeownership.


“I am pleased Wells Fargo has selected El Paso and other communities in
El Paso County to participate in this innovative homeownership
initiative,” said El Paso Mayor Oscar Leeser. “Working together we hope
to build more sustainable and viable neighborhoods and communities by
helping homebuyers attain the dream of owning a home.”

Interested homebuyers can attend the free event on December 2-3 when
eligibility will be determined for an opportunity to reserve a matching
down payment assistance grant ranging from $2,500 up to $7,500 based on
the homebuyer’s contribution. Annual incomes must not exceed 80 percent
of the local area median income, which in El Paso is about $41,900 for a
family of four, with income maximums varying depending on family size
and type of loan. To learn more about the eligibility requirements and
to register, visit www.NeighborhoodLIFT.com
or call (866) 858-2151. Pre-registration is strongly recommended to
reserve a matching down payment assistance grant.

“The NeighborhoodLIFT program will help hard-working families and
individuals get set up for success with down payment assistance and
homebuyer education,” said Lisa Riley, El Paso region president for
Wells Fargo’s Community Bank. “The NeighborhoodLIFT program is another
example of our commitment to El Paso County and efforts to create
affordable homeownership in local communities.”

Registration for the NeighborhoodLIFT event on
December 2-3

The Wells
Fargo NeighborhoodLIFT
program will begin with a free event December
2-3 from 10 a.m. to 7 p.m. at El Paso Convention Center located at 1
Civic Center Plaza.

The event also includes a Wells Fargo Virtual Affordable Home Tour®
viewing center where attendees can preview local homes available for
purchase.

Approved homebuyers will have up to 60 days to finalize a contract to
purchase a home. To reserve the full grant amount, participants buying
homes with the NeighborhoodLIFT
program must commit to live in the home for three years.

“This innovative collaboration between NeighborWorks America, our
network member, Tierra Del Sol Housing Corporation, Wells Fargo and El
Paso will create nearly 400 homeowners,” said Steve Barbier, western
region senior relationship manager with NeighborWorks America. “The
required homebuyer education classes provided by certified professionals
helps people achieve their goal of sustainable homeownership.”

To be eligible, homebuyers must complete an eight-hour homebuyer
education session with Tierra Del Sol Housing Corporation or another
HUD-approved housing counseling agency. NeighborhoodLIFT program grants
may be combined with other down payment assistance programs to provide
additional financial benefits, and homebuyers can obtain mortgage
financing from any qualified lender.

“We are ready to help families qualify for the Wells Fargo
NeighborhoodLIFT down payment assistance grants,” said Rose Garcia,
executive director with Tierra Del Sol Housing Corporation. “Wells
Fargo’s investment will help make El Paso stronger.”

Since February 2012, LIFT programs have helped create more than 12,500
homeowners in 47 communities; including nearly 1,000 homeowners in Texas
as a result of NeighborhoodLIFT events in Austin, San Antonio, Dallas
and Houston. A video about the NeighborhoodLIFT program is posted on Wells
Fargo Stories
.

About Tierra Del Sol Housing Corporation and NeighborWorks America

Tierra Del Sol is a chartered member of NeighborWorks America, a
national organization that creates opportunities for people to live in
affordable homes, improve their lives and strengthen their communities.
NeighborWorks America supports a network of more than 240 nonprofits,
located in every state, the District of Columbia and Puerto Rico. Visit www.neighborworks.org,
or http://tdshc.org/
to learn more.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Founded in 1852
and headquartered in San Francisco, Wells Fargo provides banking,
insurance, investments, mortgage, and consumer and commercial finance
through more than 8,600 locations, 13,000 ATMs, the internet
(wellsfargo.com) and mobile banking, and has offices in 42 countries and
territories to support customers who conduct business in the global
economy. With approximately 269,000 team members, Wells Fargo serves one
in three households in the United States. Wells Fargo & Company was
ranked No. 27 on Fortune’s 2016 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy our customers’
financial needs and help them succeed financially. In 2015, Wells Fargo
donated $281.3 million to 16,300 nonprofits, ranking No. 3 on the
Chronicle of Philanthropy’s rankings of the top corporate cash
philanthropists. Wells Fargo team members volunteered 1.86 million hours
in 2015, serving more than 40,000 nonprofits. Wells Fargo’s corporate
social responsibility efforts are focused on three priorities: economic
empowerment in underserved communities, environmental sustainability,
and advancing diversity and social inclusion. News, insights and
perspectives from Wells Fargo are also available at Wells Fargo Stories.

Contacts

Wells Fargo & Company
Michael English, 505-318-8156
Michael.English@wellsfargo.com
or
Alfredo
Padilla, 213-369-6122
alfredo.padilla@wellsfargo.com