Habitat scores big grant money from Wells Fargo
JACKSON HOLE, WYO – Habitat for Humanity of the Greater Teton Area (Teton Habitat) received a $405,000 Priority Market grant from the Wells Fargo Housing Foundation. On October 25, 2017, Wells Fargo & Company announced $6 million toward neighborhood revitalization efforts with 47 grants to nonprofits through the Wells Fargo Housing Foundation’s 2017 Priority Markets program.
“We are focused on making meaningful contributions to address affordable and sustainable housing,” said Shari Knoll, Wells Fargo region bank president for Wyoming and Eastern Idaho. “These grants help revitalize neighborhoods, build stronger communities, and are an example of the positive impact that can be achieved with thoughtful public-private collaboration.”
Teton Habitat was one of two organizations to receive the highest grant award of $405,000. Though Teton Habitat has had a long-standing relationship with Wells Fargo, this is the first time Habitat has qualified to apply for the Priority Market Grants program, an opportunity that is only available every few years.
Teton Habitat will use the gift at The Grove, Phase III, which began in June 2017. Stage 1 of the project will see the completion of the first eight of 24, 1,200-sf 3 bedroom, 2 bath condo homes in the heart of Jackson behind the library.
“We are honored to be selected as one of the top grant recipients working to address affordable housing solutions in Wells Fargo’s 2017 priority market,” said Kendra Heimbuck, Teton Habitat executive director. “This substantial grant award will not only help to build the first eight condos at The Grove, Phase III but will also help to strengthen our community through the support of affordable workforce housing.”