More than 1,300 would-be home buyers descended on the Walter E. Washington Convention Center over the weekend hoping to secure a $20,000 down-
payment assistance grant from Wells Fargo to buy a house in either the District or Prince George’s County.
Jim Dickerson, founder of Manna, a local housing nonprofit organization administering the grants for Wells Fargo, said the money can help revitalize neighborhoods in the two jurisdictions. Both have been hit hard by foreclosures.
“They are the pioneers,” Dickerson said of those receiving the grants. “They get involved in the PTA, they have a stake in the community . . . it’s a ripple effect that changes everything. This is what’s behind all this.”
Wells Fargo has allocated $7 million for the Washington region and $170 million nationally. It has already held 12 similar events around the country. Manna is working with Wells Fargo and the bank’s national nonprofit partner, NeighborWorks America.
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