Wells Fargo grants $30,000 to build two homes in Redmond – Redmond Spokesman

Bend-Redmond Habitat for Humanity received a $30,000 grant to help build two townhomes in its Quince Townhome development in Redmond.

Bend-Redmond Habitat for Humanity is one of more than 230 Habitat for Humanity affiliates awarded a grant from the Wells Fargo Foundation as part of its nationwide initiative to help low to moderate income families build and improve their homes.

The number of Bend and Redmond families who are struggling to afford housing is on the rise. April 2022’s median home prices were $775,000 in Bend and $545,500 in Redmond. In comparison, the average Habitat for Humanity family can afford to purchase a home of $300,000 or less.

One in seven Oregon residents spend more than 50% of their income on rent, sacrificing food or health care costs to make ends meet.

Mellissa Kamanya, Bend-Redmond Habitat for Humanity’s director of grant management, said that since 2010, Wells Fargo has sponsored the construction of 25 new homes in Bend and Redmond.

Originally Published Here: https://www.redmondspokesman.com/community/wells-fargo-grants-30-000-to-build-two-homes-in-redmond/article_d75ffa7e-e5d5-11ec-9b5e-cb73ad54b81b.html