The San Diego Housing Commission began an effort to expand homeownership among people of color thanks in part to a $7.5 million grant from the Wells Fargo Foundation.
"I'm incredibly grateful to Wells Fargo for dedicating funding so that more San Diego families have the opportunity to purchase a home," Mayor Todd Gloria said.
"Systemic inequities and racist historical practices have prevented families of color from achieving their homeownership and wealth-building goals for too long," City Council President pro Tem Monica Montgomery Steppe said."I'm thrilled that the Wells Fargo WORTH grant gives San Diego an opportunity to decrease the equity gap and increase access to homeownership for new homebuyers of color.
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