Wells Fargo Neighborhood Lift Program Returns to Minneapolis – Learn how to get up to $7,500 in down payment assistance
On Wednesday, May 10, Wells Fargo committed $5 million to expand NeighborWorks America’s NeighborhoodLIFT program to help boost homeownership in Minneapolis and Saint Paul. First launched in 2012, NeighborhoodLIFT offers homebuyer education and down payment assistance grants up to $7,500 for eligible homebuyers. The 2016 program is expected to create 450 additional homeowners with goals to make homeownership more affordable and to strengthen Minneapolis and Saint Paul neighborhoods.
To be eligible for a grant, annual incomes must not exceed 80 percent of the local area median income (around $68,650 for a family of four). Approved homebuyers have up to 60 days to finalize a contract to purchase a home in Minneapolis or St. Paul, and must commit to live in the home for three years to reserve the full grant amount.
Prospective homebuyers can attend the free homebuyer event on June 10-11, 10 am – 7 pm at Minneapolis Hyatt Regency at 1300 Nicollet Mall. Those interested can register at www.neighborhoodLIFT.com or call 866-858-2151. Pre-registration is recommended for an opportunity to reserve a grant, but walk-ins will be welcome while funds are available.