The Community Development Alliance has received a $7.5 Million grant from Wells Fargo's WORTH Initiative to support Black & Latino homeownership

Wells Fargo, The Bank of Doing Working with community leaders to empower 5,000 more homeowners of color in Milwaukee – part of a $390 million donation to support housing affordability solutions. Visit http://www.wellsfargo.com/impact to learn more about ways we are empowering communities. Video Transcript :49 Eileen Fitzgerald : We’re here today to help create 5,000 homeowners of color in the next few years. Cavalier Johnson : I want to thank the Wells Fargo Foundation as well for your generous support. And I look forward to our continued work together so we can move this entire city forward Gigi Dixon : So when you’re doing, it’s going into the market embracing that community, understanding what their needs are, and doing it with them. So when I think of Wells Fargo as the Bank of Doing, we’re doing it together. SUPER : Donated $390 million to support housing affordability solutions SUPER: See how doing gets it done URL: Learn more at wellsfargo.com/impact Bank of Doing lock up #BankOfDoing LEGAL ©2022 Wells Fargo Wells Fargo’s philanthropic support includes contributions from Wells Fargo & Company, Wells Fargo Bank, N.A. and the Wells Fargo Foundation.

Public-Private Cooperation Milwaukee’s Collective Affordable Housing Plan City of Milwaukee and Community Development Alliance The Community Development Alliance is an affiliation of stakeholders that has collaborated for more than a decade on neighborhood improvement issues in Milwaukee. After narrowing its focus in 2020 to advancing racial equity by providing a quality, affordable home for every Milwaukeean, the CDA and a multisector group of advocates, funders and practitioners that included City of Milwaukee housing officials successfully crafted a Collective Affordable Housing Plan. It is the first of its kind for Milwaukee. Bolstered by a $7.5 million grant from Wells Fargo, the CDA intends to advance the plan through multiple strategies, including by: converting vacant lots into entry-level homes; scaling homebuyer counseling and down payment systems for families of color; and advancing other supportive systems that help increase homebuyer success rates. An additional key objective is to fully fund an $11 million housing acquisition fund, which is intended to disrupt out-of-town investors from buying vacant city lots and homes. Video created by Kane Communications