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SAN FRANCISCO--([ BUSINESS WIRE ])--Wells Fargo & Company (NYSE:WFC) today announced it will donate $1.2 million in grants, through its Welcome Home program, to 20 housing nonprofits across California. The funds are dedicated to organizations that will provide counseling assistance on a variety of housing-related issues to low-to-moderate income people from hard-hit communities; some resources are committed to statewide nonprofits that develop affordable housing. In aggregate, the nonprofits receiving counseling grants will offer 4,565 homebuyer education sessions, 4,274 foreclosure prevention sessions and 850 sessions for post-home purchase, rental housing and credit counseling.

"With these targeted grants, Wells Fargo aims to help people in hard-hit communities prepare for home ownership, prevent foreclosures, or transition to stable housing"

aWith these targeted grants, Wells Fargo aims to help people in hard-hit communities prepare for home ownership, prevent foreclosures, or transition to stable housing,a said Lisa Stevens, executive vice president and regional president of Wells Fargoas West Coast Regional Bank. aA home is the foundation for families and communities. We are working to be part of the solution for families with housing needs.a

The $1.2 million in grants will be shared across the following 20 nonprofits in California:

• BRIDGE Housing Corporation, San Francisco (for services throughout Calif.)
• California Housing Partnership Corporation, San Francisco (for services in Los Angeles County)
• California Human Development Corporation, Santa Rosa
• Clearpoint Financial Solutions, Inc., Richmond, Va. (for services throughout Calif.)
• Coachella Valley Housing Coalition, Indio
• Community Housing Council of Fresno, Fresno
• Community Housingworks, San Diego
• Consumer Credit Counseling Service of Orange County, Santa Ana
• Consumer Credit Counseling Service of San Francisco, San Francisco
• Family Self-Sufficiency Corps, Inc., Fresno
• Habitat for Humanity Greater San Francisco, San Francisco
• Jamboree Housing Corporation, Irvine (for services throughout Calif.)
• Korean Churches for Community Development, Los Angeles
• Lao Family Community Development, Inc., Oakland
• Mercy Housing California, San Francisco (for services throughout Calif.)
• Money Management International, Inc., Concord
• Pacific Community Services, Inc., Pittsburg
• Project Sentinel, Inc., Sunnyvale (for services in San Mateo, Santa Clara and Stanislaus Counties)
• Sacramento Neighborhood Housing Services, Inc., Sacramento
• The Unity Council, Oakland

This is the inaugural funding commitment for California from the newly created Welcome Home program. Wells Fargo plans to continue to fund organizations that help families overcome hardships associated with their housing needs, and puts them on a path to housing stability.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet ([ wellsfargo.com ] and [ wachovia.com ]), and other distribution channels across North America and internationally. We want to help all of our customers succeed financially and create long-term economic growth and quality of life for everyone in our communities. In 2011, the Company invested $213.5 million in grants in 19,000 nonprofits, and team members contributed more than 1.5 million volunteer hours around the country. For more information, please visit: [ www.wellsfargo.com/about/csr ].