Neighborhood Reinvestment supports affordable housing initiatives through NeighborWorks, its network of local, non-profit housing organizations. The money will be funneled to NeighborWorks HomeOwnership Centers, which help increase home ownership by helping customers with a wide variety of home buying services including pre-purchase counseling, construction oversight, down payment and closing cost assistance, post-purchase counseling and foreclosure prevention programs. The donation will also support a fellows program whereby local housing representatives will receive advanced training from the Neighborhood Reinvestment Corp. Training Institute.

The Wells Fargo Housing Foundation was created to provide permanent solutions to affordable housing needs in Wells Fargo communities nationwide. Through the volunteer efforts of Wells Fargo team members, more than 1,000 homes have been built or renovated through the foundation since its inception in 1993. The foundation is funded by Wells Fargo Home Mortgage.