Navicore Solutions Receives Grant From Wells Fargo Foundation to Support Nationwide Counseling Program for Renters and Homeowners Affected by COVID-19
5/20/2020
Manalapan, NJ – May 20, 2020: Navicore Solutions announced a grant from the Wells Fargo Foundation in support of their COVID-19 Financial Recovery Program, providing key services and connecting families to critical resources and guidance to ensure they maintain housing stability during these challenging times.
The Wells Fargo Foundation COVID-19 Housing Counseling Support (HCS) initiative will help national nonprofit housing intermediaries, local housing counselors, and nonprofit housing 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.
“We are incredibly grateful for the generous support from the Wells Fargo Foundation as it will enable our organization to assist thousands of households nationwide,” said Diane Gray, Navicore Solutions’ Vice President of Counseling and Education. “Our core approach is holistic in rapidly responding to this crisis by providing guidance and resources to help families and individuals retain their housing and financial stability.”
Navicore Solutions has been assisting individuals and families in financial distress since their inception in 1991. During the Great Recession, their services became invaluable, especially to households that found themselves at risk of foreclosure and/or over indebted. As a nonprofit housing intermediary, they have the experience and expertise to provide financial guidance to individuals and families during these trying times, and their services are needed now more than ever. Counselors serve as housing advocates to provide personalized guidance and resources and are available to households throughout the country through their national hotline.
The grant for Navicore is part of the Wells Fargo Foundation’s $175 million commitment to assist people and communities in response to COVID-19. More than 300 grants have already been made by Wells Fargo since March to help nonprofits provide urgent housing services for renters and homeowners facing financial challenges. 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.
“During this unprecedented time, too many people are struggling financially and facing housing instability,” said Eileen Fitzgerald, head of housing affordability philanthropy with the Wells Fargo Foundation. “Wells Fargo has a deep commitment to advance housing affordability solutions. We are proud to support the work of Navicore Solutions as they serve a vital role in helping renters and homeowners facing financial difficulties.”
About Navicore Solutions
Founded in 1991 and headquartered in Manalapan, NJ, Navicore Solutions, a 501(c) (3) nonprofit organization, is a national leader in the field of nonprofit financial and housing counseling, with office locations in Mansfield, MA, Raleigh, NC, Dallas, TX, Roseville, MN, Henderson, NV, Peoria, IL, San Diego, CA, Bensalem, PA, St. George, UT and Stamford, CT. Initially approved by the U.S. Department of Housing and Urban Development (HUD) as a Local Housing Counseling Agency in 2003, they became an approved Housing Counseling National Intermediary in 2013. Navicore Solutions provides counseling to consumers nationwide in the areas of personal finance, consumer credit, student loans, disaster recovery, foreclosure prevention and housing. What sets their agency apart is the quality and depth of their counseling model, as well as their longstanding commitment to acting in the best interest of their clients.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.98 trillion in assets. Wells Fargo’s vision is to satisfy their customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Contacts:
Lori Stratford
Digital Marketing Manager
Navicore Solutions
lstratford@navicoresolutions.org
Chris Hammond, 415-310-9152
SVP, Communications Leader
Wells Fargo & Company
Chris.L.Hammond@wellsfargo.com
@ChrisHammondWF
Lauren Lovett has been with Navicore Solutions for over 10 years serving as a Certified Credit Counselor, and currently as the Grants Manager. While in these roles, she has witnessed the positive impact that the organization’s counseling services has on improving the money management skills and economic security of individuals and families in need.