It was announced Wells Fargo along with NeighborWorks America and Avenue, will bring our NeighborhoodLIFT® program back to Houston for a third time to help more than 300 low- and moderate-income individuals get on a path to homeownership with $15,000 down payment assistance grants—a total $5 million investment.

Applications for down payment assistance begin Nov. 8

Eligible homebuyers must earn 80% or less of family median income in Houston, as determined by the Federal Financial Institutions Examination Council. In Houston, the income limit is $63,840 for all borrowers. Participating homebuyers can obtain mortgage financing from any participating NeighborhoodLIFT lender and Avenue will determine eligibility and administer the down payment assistance.

“This important collaboration will assist more than 300 homeowners while maintaining social distancing guidelines via a virtual platform,” said Lisa Hasegawa, regional vice president, western region, NeighborWorks America. “In addition, the required homebuyer education provided by trained professionals will help homebuyers better understand financial commitments of homeownership, from differences in mortgage loans, to property taxes, and more.”

Homebuyers can view a list of participating lenders, learn about the steps to apply for down payment assistance, and sign-up for homebuyer education with a HUD-approved provider at www.wellsfargo.com/lift or www.avenuecdc.org/lift. The material is also available in Spanish at www.avenuecdc.org/lift/espanol. Applications for down payment assistance may be submitted beginning Monday, Nov. 8, 2021, at 9 a.m. Central Time.

Wells Fargo Newsroom - Wells Fargo NeighborhoodLIFT Program Returns to Houston to Create 300 Homeowners (wf.com)