Charleston is one of 19 cities across the country taking part in a settlement between the National Fair Housing Alliance and Wells Fargo that will promote home ownership.
The new initiative aims to help with rebuilding minority neighborhoods hurt by the foreclosure crisis and to promote diverse communities.
Wells Fargo is providing $27 million to the alliance, and it is working with 13 nonprofit fair housing organizations in Atlanta, New Orleans and other cities.
The money will be spent on grants to help some purchasers make a down payment and renovation efforts for homes that have languished in foreclosure.
The initiative is a settlement to a complaint that the National Fair Housing Alliance had filed against Wells Fargo.
Read more in tomorrow’s Post and Courier.