Pompano Beach, August 7, 2023 - Oasis of Hope CDC announced today it has received the Wells Fargo Foundation Keeping People Housed Grant to enable the organization the ability to provide renters and
homeowners with information and resources to stabilize and preserve their homes to avoid foreclosure and eviction. This grant is a continuation of the Covid-19 and Housing Assistance programs support.
Oasis of Hope CDC will work with property managers and landlords to provide its tenants the necessary resources and tools to av
oid eviction and assist homeowners with submitting modification packages to their mortgage loan servicer to avoid foreclosure. Residents of Broward, Miami-Dade, and Palm Beach Counties who are having trouble paying rent, mortgage, or utilities are welcomed to contact our agency to obtain resources for financial assistance and free counseling services.
Oasis of Hope CDC will also offer free financial literacy workshops for South Florida residents, offer budgeting guidance, creative ways to reduce actual expenses, credit guidance, and the steps to maintain a healthy way of living within your financial means. Workshops will be for the entire family; one hour for parents, 30 minutes for youth, and a 30-minute Q & A session. The youth are provided with access to our banking partners to open their first savings account with parental consent and ongoing budget and credit teaching modules.
In response to the distressed renters and homeowners, the Wells Fargo Foundation offers support again to housing counseling agencies, national nonprofit housing intermediaries, local housing counselors, and nonprofit housi
ng providers to support housing stability for more than 100,000 renters and homeowners across the U.S. facing financial challenges. Strategies include expanding the capacity of housing counselors to respond to renters and homeowners, as well as supporting nonprofits that provide affordable rental homes and services.
“During this unprecedented time, too many people are struggling financially and facing housing instability,” said Jacqueline Reed, President & CEO of Oasis of Hope CDC, Pompano Beach, FL. “Wells Fargo has a deep commitment to advance housing affordability solutions by supporting the work of housing counseling
organizations as they serve a vital role in helping renters and
homeowners facing financial difficulties.”
The grants build upon Wells Fargo Foundation’s $175 millio
n commitment to assist people and communities in response to COVID-19. Since March, more than 300 grants have been made to help nonprofits provide urgent housing services for
vulnerable populations. The Wells Fargo Foundation philanthropy strategy is focused on keeping people in their homes, small business support, and financial health in collaboration with national and local organizations.
Oasis of Hope CDC
Jacqueline Reed, President & CEO