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Press Conference: Attorney General Madigan, U.S. Department of Justice Join Wells Fargo to Announce CityLIFTSM Program

CityLIFTSM program results from a recent fair lending settlement between Wells Fargo, the U.S. Department of Justice and Attorney General Madigan’s office; program to offer $15,000 in down payment assistance grants and free homebuyer education programs to prospective homebuyers in Chicago, 30 area suburbs

WHO:

Lisa Madigan, Illinois Attorney General

Thomas E. Perez, Assistant Attorney General for the Civil Rights Division at the U.S. Department of Justice

Jon Campbell, executive vice president, Wells Fargo

Ed Jacob, executive director, Neighborhood Housing Services of Chicago

WHEN:

Wednesday, Oct. 3, 2012

10:00 a.m.

WHERE:

James R. Thompson Center

100 W. Randolph, 15th Floor Press Room

Chicago, IL

WHAT:

New program will bring millions in down payment assistance grants for 30 Chicago-area neighborhoods to provide prospective homebuyers with an opportunity to see if they qualify for down payment assistance of $15,000.

The CityLIFTSM program is designed to provide down payment assistance and homebuyer education programs in areas most impacted by the financial crisis. The program was developed in connection with the 2012 settlement with the Civil Rights Division of the U.S. Department of Justice, and is a collaboration between Wells Fargo Bank N.A. and Neighborworks America.

The CityLIFTSM program is modeled after Wells Fargo’s highly successful NeighborhoodLIFTSM program, the first of its kind in the banking industry. The NeighborhoodLIFTSM program is a collaboration between the Wells Fargo Foundation, NeighborWorks America, an independent non-profit organization, and local non-profit organizations including Neighborhood Housing Services of Chicago.

IL AGs office
Natalie Bauer, 312-814-4947
nbauer@atg.state.il.us
or
Wells Fargo & Company
Chris Hammond, 415-222-4106
chris.l.hammond@wellsfargo.com

Source: Wells Fargo & Company