New program to provide funds to new homebuyers

Advertisement

Posted: 01/07/2013

BALTIMORE -  

A new program in Baltimore will be getting $4 million from Wells Fargo.

That money will be used to provide $15,000 in down payment assistance to new homebuyers.

The CityLIFTSM protram will also fund homebuyer education courses in areas that were most impacted by the financial crisis.

The funding from Wells Fargo is part of a larger settlement the mortgage lender agreed to pay over accusations it pushed minorities into subprime loans between 2004 and 2009.

Baltimore is one of 20 cities that will benefit from the $170 million that Wells Fargo will be donating through the Neighborhood LIFTSM and CityLIFTSM program.

 

Copyright 2013 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

  • Comments

 

 


 

Advertisement

Special Reports


  1. SPECIAL REPORT | Day care inspections

    SPECIAL REPORT | Day care inspections

    SPECIAL REPORT | Thousands of child care center inspections reports are NOW AVAILABLE. Find out what inspectors founds inside day care centers across the state.

    • Inside a Criminal Mind | Jason Scott

      Inside a Criminal Mind | Jason Scott

      SPECIAL REPORT | When it's out of your hands, when your life is at the mercy of an armed, masked man staring down at you from the barrel of a gun in your own home, you grasp at whatever it is you can control; breathing, composure, or faith.

    • SPECIAL REPORT | Bad Medicine

      SPECIAL REPORT | Bad Medicine

      SPECIAL REPORT | ABC2 Investigator Joce Sterman has reviewed thousands of pages of documents for her Bad Medicine report.

       
      • Stay Connected