Wells Fargo Contribution To Help Train Veterans For Careers In Construction

By KIMBERLEY HAAS A grant from the Wells Fargo Foundation will help establish a training program to address the need for credentialed contractors in communities nationwide. The foundation has a working relationship with Team Rubicon, a veteran-led humanitarian organization that provides relief before, during, and after natural disasters. Leaders there say they continue to see a critical shortage of people with the skills necessary to assist homeowners in the rebuilding process. Team Rubicon’s new TRades Academy will provide veterans with contracting, electrical, plumbing, and HVAC skills. Trainees will gain the field experience needed to eventually become certified contractors in their own communities, according to a press release. Wells Fargo has provided a $750,000 grant to support the academy. That money…

CRA Note Exchange Helps Provide Vital Capital To Florida, South Carolina Habitat For Humanity Affiliates

Habitat for Humanity Affiliates in Florida and South Carolina will be able to build more affordable homes after the recent sale of mortgage notes on their behalf. Leaders at CBC Mortgage Agency, a nationally chartered housing finance agency and a source of down payment assistance for first-time homebuyers, announced its CRA Note Exchange platform had completed the sale on Sept. 12.   CRA Note Exchange enables the sale of Community Reinvestment Act-eligible loans through an online portal to free up capital for additional affordable home construction. Banks and other financial institutions can review, select and purchase loans in specific areas that support their CRA or other lending objectives. The exchange was launched in 2018. Habitat for Humanity is a global nonprofit housing organization…