Strong Neighborhoods, Strong Communities
To borrow from the language of baseball, CHP played a double header on June 17 when it hosted two ribbon-cutting ceremonies—one at Canterbury Crossing Apartments in Chesapeake, Va. and another at River Trace Apartments about 30 minutes away in Newport News.
With funding from Wells Fargo’s UrbanLIFT community grant program, CHP was able to make site improvements at both apartment complexes this spring, greatly enhancing the accessibility, aesthetic, and functionality of each community, which is home to a combined total of 86 households earning at or below 60 percent of the Area Median Income.
Upgrades to Canterbury Crossing Apartments included the installation of an accessible sidewalk and the replacement of an existing sidewalk, a new playground and bike rack, new fencing, a garage renovation, and new signage areas with landscaping. Similarly, River Trace also received an accessible sidewalk and new playground, fencing, and signage areas with landscaping, as well as an erosion control area with a community garden.
“CHP is pleased to celebrate the recent completion of property improvements at Canterbury Crossing and River Trace, which provide housing to a traditionally underserved populations in this region. We are grateful to Wells Fargo for making the upgrades possible and for helping us provide healthy, affordable, and attractive housing options for local residents,” said CHP Chief Operating Officer Orlando Artze.
Diana Williams, a community outreach coordinator with the office of U.S. Represenative J. Randy Forbes, remarked that the work done at both properties, “...validates the community’s commitment to a housing model that is responsible and sustainable for the future.”
The UrbanLIFT community grant program, funded by Wells Fargo and administered by NeighborWorks America, is designed to provide support to local nonprofits for neighborhood improvement projects in 25 cities that have substantial diverse populations and have been affected by foreclosures. The eligible cities were determined as part of an agreement with the U.S. Department of Housing and Urban Development.
“These community grants will help advance community stabilization in cities such as Chesapeake and Newport News that were significantly impacted by the housing downtown,” said Glen Kelley, Greater Virginia region president. “We are ecstatic to see how these projects, funded by the UrbanLIFT community grant program, will help create a safer and sustainable neighborhood.”
The UrbanLIFT community grant program is the most recent commitment Wells Fargo has made through its LIFT family of initiatives including the NeighborhoodLIFT and CityLIFT programs, a combined $170 million effort for 20 housing markets deeply affected by the housing crisis. Since its launch in February 2012, LIFT programs have helped create more than 4,100 homeowners with the support of down payment assistance and homebuyer education in collaboration with NeighborWorks America, the national nonprofit’s affiliates and local city officials.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at blogs.wellsfargo.com.