KETCHUM, IDAHO – March 31, 2014
ARCH COMMUNITY HOUSING TRUST announces a $5,000 grant from Wells Fargo Bank. This important funding will allow ARCH to continue to grow the Homes on the Move Program. Under this program ARCH receives donations of homes designated for tear down at sites throughout the Wood River Valley. The homes are then renovated for use as affordable rentals. This generous contribution from Wells Fargo will help ARCH to offset the costs of moving the structure, which although less than new construction, are substantial. In addition to providing much needed affordable rental housing, the revenue from the rental will fund operational costs for ARCH.
The Mission of ARCH Community Housing Trust is to develop, safe, permanently affordable housing for persons of low to moderate income and to work with all interested public and private parties towards this objective. “We work in partnership with the Blaine County Housing Authority who provide direction regarding the income category of the homes and also match households from the BCHA waiting list with homes we develop,” states Michelle Griffith, Executive Director of ARCH. “We are proud of the public, private partnerships such as the ones with Wells Fargo Bank and BCHA which enable this program to grow.”
About Wells Fargo
Wells Fargo & Company is a nationwide, diversified, community-based financial services company with $1.5 trillion in assets. In 2013, the Company invested $275.5 million in grants to 18,500 nonprofits, and team members contributed more than 1.69 million volunteer hours around the country. Wells Fargo & Company has given nearly $3 million to Idaho Region nonprofits and schools through corporate and foundation giving since 2010. ARCH is grateful that Wells Fargo is a significant contributor to affordable housing in Blaine County.
Families interested participating in this program should contact The Blaine County Housing Authority at 788-6102 for more information.