November 15, 2013
The Texas State Affordable Housing Corporation (TSAHC) has received a $150,000 grant from Wells Fargo to support the restoration of foreclosed or distressed properties in El Paso and San Antonio. The grant is part of Wells Fargo’s 2013 Leading the Way Home® program Priority Markets Initiative aimed to help revitalize and stabilize neighborhoods.TSAHC works to restore foreclosed homes that are sold to eligible veterans, low income families and people with disabilities as part of our Affordable Communities of Texas (ACT) program. TSAHC plans to partner with local nonprofits El Paso Collaborative for Community and Economic Development and Neighborhood Housing Services of San Antonio to restore several foreclosed homes in El Paso and San Antonio that will be sold to eligible families.
TSAHC's Board of Directors accepted the grant at its November Board meeting. Pictured left to right, front row: Gerry Evenwel,
TSAHC Board Member, Robert Jones, TSAHC Board Chair and Alex Meade, TSAHC Board Member. Pictured left to right, back
row: Jennifer Moriarty, VP of Community Development for Wells Fargo in San Antonio, Jerry Romero, TSAHC Board Member and
VP of Community Development for Wells Fargo in El Paso and Theresa Alvarez, Community Development Officer for Wells Fargo