Wells Fargo pledges $9M to boost Twin Cities homebuying - Minneapolis / St. Paul Business Journal

Wells Fargo pledges $9M to boost Twin Cities homebuying - Minneapolis / St. Paul Business Journal

Wells Fargo & Co. is offering homebuyers in Minneapolis and St. Paul thousands of dollars in grants as part of a down-payment assistance program called Neighborhood Lift.
The San Francisco-based bank has pledged $9 million to the effort in the Twin Cities market, the Star Tribune reports. Grants of $15,000 are available to first-time homebuyers who purchase homes in either Minneapolis or St. Paul; there are income requirements, too, and the buyer has to live in the home for five years.

Somebody wants to get rid of some stale inventory me thinks.