Avenue to receive $100,000 grant from Wells Fargo Foundation

Avenue to Receive $100,000 Grant from Wells Fargo Foundation To Help Northline Neighborhood Preserve its History and Culture

Avenue Community Development Corporation (Avenue CDC) is pleased to announce the expansion of their community preservation and revitalization efforts into the Northline neighborhood through a $100,000 grant from Wells Fargo Foundation. The neighborhood has always been a desirable area to live, bursting with vibrant culture and history. The grant will help develop a comprehensive, resident-driven neighborhood revitalization plan that will enhance the quality of life of the hard-working families that reside in the area. The specific focus area of the grant in the neighborhood will be bounded by I-610 to the south, Tidwell Road to the north, I-45 to east and Hardy Toll Road to the west.

The grant was awarded as part of the Wells Fargo Foundation’s Neighborhood Grants Program and will support the execution of the Northline community planning process. The Neighborhood Grants Program is modeled after the Wells Fargo Regional Foundation’s nationally recognized program which has been supporting neighborhoods in Eastern Pennsylvania, New Jersey and Delaware for the past 13 years. Wells Fargo is currently piloting the program in three new cities, including Houston.

“We are very excited to expand our efforts into the Northline community,” says Mary Lawler, executive director of Avenue CDC. “Valued partners like Wells Fargo make it possible for us to work alongside of residents and help them improve their quality of life. The neighborhood is bursting with community pride and we look forward to providing them the resources to help improve their neighborhood.”

In a community ceremony on Saturday, June 11, where remarks were made by Mayor Sylvester Turner, Denise McGregor Armbrister, executive director of The Wells Fargo Regional Foundation and Daryl Montgomery, Greater Houston regional president of Wells Fargo, presented the local organization with the grant.

“Wells Fargo is pleased to support Avenue CDC as they work tirelessly to help revitalize neighborhoods such as Northline to further the success of this community for the long-term,” said Darryl Montgomery, Wells Fargo regional president for Greater Houston. “Wells Fargo’s Neighborhood Grants Program has been a catalyst for bringing together community stakeholders with common interests to improve neighborhoods and produce sustainable results that add up to making a huge difference for communities.”

Avenue CDC is a non-profit organization dedicated to revitalizing communities and improving the quality of life for low-income residents. In the last 25 years, Avenue has developed 133 single-family homes, 594 affordable rental units and 140,000 square feet of commercial space within the inner-loop, creating accessible, quality affordable city living for Houston residents.

For more information about Avenue CDC’s community preservation efforts visit, AvenueCDC.org.

About Avenue CDC

Avenue CDC’s mission is to build affordable homes and strengthen communities. The organization enhances the quality of life of working families and works to promote Houston’s future as a world-class city of healthy, vibrant and economically diverse neighborhoods. Avenue CDC develops homes for purchase and rental as well as provides homebuyer education and counseling to help working families buy and maintain their own homes. They promote economic development and offer supportive services such as computer labs, after-school programs, and nutrition, fitness, and financial literacy classes that enrich the lives of the individuals and families they serve. Avenue CDC is a member of the nationwide NeighborWorks® Network of more than 245 community development organizations working in nearly 4,358 urban, suburban and rural communities across America. Connect with Avenue CDC on Facebook: FBAvenueCDC and Twitter: Tweet AvenueCDC.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,800 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

HOUSTON June 11, 2016
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