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bjbj [OS Title: Oakland CA, December 7 & 8, 2012] 00:00:06 Katie Marzullo: Wells Fargo
is hosting an event this weekend called CityLIFT, and for those who qualify, it s a life changing
experience. Larry Beil: Some lucky East Bay families now have 20 thousand dollars available
to make a down payment on a house. Gasia Mikaelian: Wells Fargo bank today gave hundreds of homeowners
20 thousand dollars toward a down payment on a home. [Unidentified]: Potential home
buyers are lined up by the hundreds in Oakland right now to take advantage of more than five
million dollars in down payment assistance. 00:00:31 Holly Rockwood: We are thrilled to
bring Wells Fargo, East Bay CityLIFT to the Oakland Convention Center where customers
can come in and apply for 20 thousand dollar grants and down payment assistance which can
be used to purchase a home in nine east bay cities, in Alameda and Contra Costa County.
So this has a benefit of not only helping home buyers, but stabilizing our local communities.
Jim Foley: We know customers are really excited about the low rates, they re excited about
the affordability we re seeing here in the Bay Area, but maybe they need just a little
bit more help with a down payment. So today they have an opportunity to buy the home of
their dreams with a lot of support from Wells Fargo. 00:01:09 [Unidentified]: We really
wanted to make this a warm experience for people, so every step of the way was to have
greeters, to have people to give directions. We never wanted anyone sitting around wondering
where should I go, what should I do, what s next? Heather Phipps: What we re doing here
today is actually getting to assist clients, uh to get a priority buyer letter and a pre-approval
so they can apply for the down payment assistance program to help them purchase homes. We take
a look at all the options, products, programs, and we kind of best fit their needs and then
just help them along the path of home ownership. I can t even describe how it makes me feel
getting to help them. It s very cool. 00:01:47 [Unidentified]: We work with two non-profits
on CityLIFT, and every market we have a national partner, which is Neighbor Works, and then
we also have a local non-profit we work with in Our Market in the East Bay here at Unity
Council. Sheri Powers: At the Unity Council homeownership center, one of the things that
we do along with our partner Neighbor Works America is to make sure that we create default
resistant homeowners. And what that means is that people have the education, the counseling
and the financial coaching that they need in order to get ready to buy a home, buy a
home and then be able to maintain and keep the home for the entire 30 years. 00:02:23
Marietta Rodriguez: It s really important for Neighbor Works America and its Neighbor
Works Network to provide opportunities for home ownership. Home ownership is a hallmark
of a really strong community, people should have opportunities for safe and affordable
housing, and that includes rental as well as opportunities to own a home. So it s really
important that people have pathways and have champions and resources in their community
to become homeowners. 00:02:49 Arlene Allert: One of the great things about CityLIFT is
while we re reaching out to our community and helping our customers, it s also a phenomenal
opportunity for us to reach out to our minority trade organizations, non-profit organizations,
elected officials, Mayor Quan this morning, and really give them a view of what it is
we do and how we re helping customers obtain sustainable homeownership. [OS Title: Jean
Quan; Mayor, Oakland CA] 00:03:11 Tim Silva: The feedback that we received from our local
communities was incredible. They were ecstatic at the opportunity that they could play in
telling their communities and constituents about the opportunity to come to an event
such as this. Micky Randhawa: Wells Fargo really cares and encourages their team members
to really be doing these kind of events because what it really does is it engages our team
members with the communities, and when the two engage together it becomes one collective
experience. And that experience is just priceless. 00:03:44 Jim Foley: It just goes to show you
how you treat people is the difference, just being here, just putting on our Wells Fargo
polo shirts, just wearing the stagecoach isn t enough. I don t need to tell that to our
team members because they live it every single day, and they re literally wowing our customers.
Victor R. Villareal: I was, we were looking to buy a home and we were struggling to come
up with the down payment and it was just a prayer answered for me to get this and uh
really excited, really enjoying this moment right now, we re going to go out and celebrate.
00:04:16 Kori Thomas: So I m approved, I have funds on reserve and so those funds are accessible
to me towards the purchase of my home, which I already have picked out and have been pre-approved
for so it s just a matter of timing for closing and then I just get to live in it and invite
people over for tea. Victor R. Villareal: So yeah, there s a lot of happy moments here.
00:04:39 Gwen Taylor: We got the money. Candace Latigue: I couldn t afford that much as far
as a down payment, so now I m really excited because this helps me out a little bit more.
Shawn Coleman: Yes it is, the most exciting thing, it s better than a birthday. Gwen Taylor:
Dreams do come true, they do. They do. [OS Title: For more information about Wells Fargo
LIFT programs, please visit: www.wellsfargo.com/LIFT] [End of recording. page \* arabic V12-2499
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