PCHTF Receives $75,000 Donation from Wells Fargo
The impact these dollars will have is more important than ever during the COVID-19 pandemic
In response to an overwhelming need for housing support in our community, Wells Fargo has awarded Polk County Housing Trust Fund (PCHTF) $75,000 to strengthen housing stability and reduce the risk of homelessness in the wake of COVID-19. While our county, state and nation grapple with how best to deal with the outbreak of this deadly virus, some in our community are experiencing a duality of hardships in its wake. Those most susceptible to COVID -19 infection are also those whose housing is threatened by economic circumstances beyond their control and most at risk for homelessness and housing insecurity.
To combat this, Wells Fargo has committed $50,000 to funding housing stability and program support initiatives and an additional $25,000 grant for homeownership counseling. The end of the eviction moratorium, lack of consensus around how to cohesively address housing instability during the pandemic, and an already inadequate supply of affordable housing has created a situation where many more people than could have been imagined are truly close to or on the edge of homelessness every single day.
“Housing instability, housing injustice, and an overall lack of affordable housing in our region has been in crisis for a very long time,” said Mollie Giller, PCHTF Director of Programs and Supportive Services. “What COVID and the calls for righting racial inequity have brought to light is how intertwined these systems are—how health, housing, and the pursuit of the ‘American Dream’ all compound each other, especially affecting those most in need in our community.”
“Whether through renting or homeownership, helping our fellow citizens in Polk County realize safe, affordable housing is among Wells Fargo’s top philanthropic priorities,” said Region Bank President Marta Codina. “We are pleased to make these grants and to come alongside Polk County Housing Trust Fund, which is such a strong housing leader in our community. The impact these dollars will have is more important than ever during the COVID-19 pandemic.”