{"id":1004117281,"date":"2015-04-09T13:31:48","date_gmt":"2015-04-09T21:31:48","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=339828"},"modified":"2022-12-06T07:43:47","modified_gmt":"2022-12-06T15:43:47","slug":"albuquerque-homebuyers-will-benefit-from-wells-fargos-homelift-program","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/albuquerque-homebuyers-will-benefit-from-wells-fargos-homelift-program\/","title":{"rendered":"Albuquerque Homebuyers Will Benefit from Wells Fargo\u2019s HomeLIFT Program"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-339829\" title=\"Wells Fargo HomeLIFT Program\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Wells-Fargo-HomeLIFT-Program.jpg\" alt=\"\" width=\"300\" height=\"145\" \/><\/p>\n<p style=\"text-align: justify\">The Wells Fargo HomeLIFT program is a $4.75 million initiative to increase homeownership under the partnership of Wells Fargo &amp; Co., NeighborWorks America and its affiliate Homestart.<\/p>\n<p style=\"text-align: justify\">Albuquerque is the 33<sup>rd<\/sup> market in the country to benefit from the program. A free homebuyer event was held on May 1-2 at the city\u2019s Convention Center.<\/p>\n<p style=\"text-align: justify\">Of the total amount committed by Wells Fargo, $4.1 million is scheduled for down payment assistance grants for home sales in the city. Prospective homebuyers have 60 days from the start of the program to find a home.<\/p>\n<p style=\"text-align: justify\">Eligibility requirements for the program include annual incomes that do not exceed 120 percent of the Albuquerque area median income&#8211;$71,300 for a four-member family&#8211;while the maximum income varies depending on family size and loan type. Furthermore, the buyer must complete an eight-hour homebuyer education seminar with Homestart or another HUD-approved agency. Another requirement asks the future homeowners to live in their homes for at least five years; otherwise the funds will be prorated.<\/p>\n<p style=\"text-align: justify\">\u201cLike many communities, Albuquerque was deeply affected by the economic downturn,\u201d said Lisa Riley, New Mexico\/Western Border regional president with Wells Fargo Bank in Albuquerque. \u201cWhile mortgages are available at relatively low interest rates, many families are unable to buy a home because they struggle with making the down payment. The HomeLIFT program can help local mortgage-ready homebuyers realize their dream of owning a home.\u201d<\/p>\n<p style=\"text-align: justify\">\n","protected":false},"excerpt":{"rendered":"<p>Wells Fargo HomeLIFT program is a $4.75 million initiative to increase homeownership under the partnership of Wells Fargo &amp; Company, NeighborWorks America and its affiliate Homestart. Albuquerque is the 33rd market in the country to benefit from it, starting with a free homebuyer event on May 1-2 at the city&rsquo;s Convention Center.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1577,21742],"tags":[],"class_list":["post-1004117281","post","type-post","status-publish","format-standard","hentry","category-albuquerque","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Albuquerque Homebuyers Will Benefit from Wells Fargo\u2019s HomeLIFT Program - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/albuquerque-homebuyers-will-benefit-from-wells-fargos-homelift-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Albuquerque Homebuyers Will Benefit from Wells Fargo\u2019s HomeLIFT Program\" \/>\n<meta property=\"og:description\" content=\"Wells Fargo HomeLIFT program is a $4.75 million initiative to increase homeownership under the partnership of Wells Fargo &amp; Company, NeighborWorks America and its affiliate Homestart. Albuquerque is the 33rd market in the country to benefit from it, starting with a free homebuyer event on May 1-2 at the city&rsquo;s Convention Center.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/albuquerque-homebuyers-will-benefit-from-wells-fargos-homelift-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-04-09T21:31:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T15:43:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Wells-Fargo-HomeLIFT-Program.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/albuquerque-homebuyers-will-benefit-from-wells-fargos-homelift-program\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/albuquerque-homebuyers-will-benefit-from-wells-fargos-homelift-program\/\",\"name\":\"Albuquerque Homebuyers Will Benefit from Wells Fargo\u2019s HomeLIFT Program - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/albuquerque-homebuyers-will-benefit-from-wells-fargos-homelift-program\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/albuquerque-homebuyers-will-benefit-from-wells-fargos-homelift-program\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Wells-Fargo-HomeLIFT-Program.jpg\",\"datePublished\":\"2015-04-09T21:31:48+00:00\",\"dateModified\":\"2022-12-06T15:43:47+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/albuquerque-homebuyers-will-benefit-from-wells-fargos-homelift-program\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/albuquerque-homebuyers-will-benefit-from-wells-fargos-homelift-program\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/albuquerque-homebuyers-will-benefit-from-wells-fargos-homelift-program\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Wells-Fargo-HomeLIFT-Program.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Wells-Fargo-HomeLIFT-Program.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/albuquerque-homebuyers-will-benefit-from-wells-fargos-homelift-program\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Albuquerque Homebuyers Will Benefit from Wells Fargo\u2019s HomeLIFT Program\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\",\"name\":\"Anca Gagiuc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"caption\":\"Anca Gagiuc\"},\"description\":\"Anca Gagiuc brings more than a decade of experience within the real estate industry. 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