Wells Fargo 2008 Annual Report Download - page 29

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
Sustaining neighborhoods
Almost 40 years ago, Wells Fargo helped
start the Greater Metropolitan Housing
Corporation (GMHC) in Minneapolis/
St. Paul. Paul Schmidt (pictured) and
Dick Miller represent Wells Fargo on
the board, continuing the company’s
legacy of helping people of all income
levels fi nd a place to live. GMHC
redevelops properties and consults with
thousands of clients at fi ve neighborhood
housing resource centers. Team member
David Wiese has also worked with
Wells Fargo’s Community Development
Corporation to provide $2.4 million in
low-interest capital to the organization
the past 10 years. The money helped build
a ordable housing and buy foreclosed
homes or land for future housing projects.
“Now more than ever, with foreclosures
harming neighborhoods across the nation,
it’s important for companies such as ours
to stay active in redeveloping properties
and championing a ordable housing
projects,” Schmidt said. “Wells Fargo’s
long-standing commitment to the GMHC
shows its dedication to our communities.”