NFCC Receives $400,000 Grant From the Wells Fargo Foundation to Keep Americans Housed in Response to COVID-19

WASHINGTON, May 15, 2020 /PRNewswire-PRWeb/ -- The National Foundation for Credit Counseling® (NFCC®) today announced a $400,000 grant from the Wells Fargo Foundation which will enable the organization to provide services to support housing preservation for renters and homeowners who are struggling with the financial impact of the current coronavirus pandemic.

"With this vital support from the Wells Fargo Foundation, our network of nonprofit counseling agencies can continue providing much-needed relief to families who are finding it difficult to maintain their rent or mortgage payments," said NFCC President and CEO Rebecca Steele.

In response to COVID-19, the Wells Fargo Foundation COVID-19 Housing Counseling Support (HCS) initiative will help national nonprofit housing intermediaries, local housing counselors, and nonprofit housing providers to support housing stability for more than 100,000 renters and homeowners across the U.S. facing financial challenges. Strategies include expanding the capacity of housing counselors to respond to renters and homeowners as well as supporting nonprofits that provide affordable rental homes and services.

"During this unprecedented time, too many people are struggling financially and facing housing instability," said Eileen Fitzgerald, head of housing affordability philanthropy with the Wells Fargo Foundation. "Wells Fargo has a deep commitment to advance housing affordability solutions. We are proud to support the work of the National Foundation for Credit Counseling as they serve a vital role in helping renters and homeowners facing financial difficulties."

The grants build upon Wells Fargo Foundation's $175 million commitment to assist people and communities in response to COVID-19. Since March, more than 300 grants have been made to help nonprofits provide urgent housing services for vulnerable populations. The Wells Fargo Foundation philanthropy strategy is focused on keeping people in their homes, small business support, and financial health in collaboration with national and local organizations.

In addition to the NFCC, other Wells Fargo Foundation COVID-19 Housing Counseling Support grantees include over a dozen national and regional organizations.

Services related to emergency rental and housing counseling are now available. Anyone needing assistance can call 844-865-2463 or visit https://www.nfcc.org/locator/?loc=housing-number-and-foreclosure-prevention to connect with an NFCC Member Agency.

About the NFCC
Founded in 1951, the National Foundation for Credit Counseling® (NFCC®) is the nation's first and largest nonprofit dedicated to improving people's financial well-being. With a national network of member offices serving 50 states and Puerto Rico, our NFCC® Certified Credit Counselors are financial advocates, empowering millions of consumers to take charge of their finances through one-on-one financial reviews that address credit card debt, student loans, housing decisions and overall money management. Make one of the best financial decisions of your life. For expert guidance and advice, call (800) 388-2227 or visit http://www.nfcc.org today.

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.

SOURCE NFCC