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Wells Fargo celebrates its relationship with National CAPACD and applauds its relentless efforts to improve housing security and preserve neighborhoods for Asian American and Pacific Islander (AAPI) communities, positively impacting the lives of the over 2 million AAPIs living in poverty nationwide.

The Wells Fargo Foundation is a long-time supporter of National CAPACD including its Action TA program that has developed 120 AAPI leaders and counting. CAPACD is among the national nonprofit housing intermediaries the Wells Fargo Foundation made donations to enable organizations across the U.S. to keep people housed affected by the economic downturn caused by COVID-19 as part of its overall $175 million relief response.

In 2019, the Wells Fargo Foundation launched a new philanthropic strategy anchored around unlocking economic opportunity for people and communities by addressing housing affordability, small business growth and financial health, investing $455 million in grants to national and community-based nonprofits. This includes a $1 billion philanthropic commitment to address housing affordability solutions by 2025 to invest in change makers, fostering collaboration, and supporting effective policies. We are engaged in four distinctive strategies: Housing Stability, Increasing Supply of Affordable Homes; Expanding Homeownership Opportunities; and Driving Transformation and Innovation in Local Communities.

Wells Fargo & Company is a diversified community-based financial services company that serves one in three households in the U.S. and is a top community lending and investment provider in support of the development of multi-family homes. Founded in 1852 with its headquarters in San Francisco, Wells Fargo’s vision is to satisfy its customers’ financial needs and help them succeed financially.

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