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GROW SD Receives Wells Fargo Grant for Homebuyer Education

Thursday, July 18, 2019

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The Northeast South Dakota Community Action Program dba GROW South Dakota recently received a $7,500 grant from the Wells Fargo Foundation’s Homeownership Counseling Grant Program to support homebuyer education and counseling. The Wells Fargo Foundation has been a longtime supporter of the GROW SD homebuyer education program.

The grant will serve more than 125 participants who will receive homeownership counseling and financial education, which will help them to improve their credit scores, reduce personal debt and build their savings to reach the dream of buying a home. Participants will also learn how to build assets, access mainstream financial services, and gain the information they need to make sound financial decisions for themselves and their families.

GROW SD homebuyer education customers report success after receiving support. In follow-up surveys, more than half report creating and/or maintaining a budget; more than one-third paid down debt; and 20% cleared up items on their credit report. In addition, 95% purchased a home within their budget after their counseling and education. Wells Fargo funding has been integral to these results.

GROW SD continues to find solutions that create opportunities for South Dakota residents to achieve their dream of home ownership. More information can be found at www.growsd.org, or contact us at 605-698-7654.

GROW SD is an Equal Opportunity Lender, Provider, and Employer. It has served South Dakota communities since 1966. The organization excels at providing housing, community, and economic development to 10,000 customers annually. GROW South Dakota consists of three separate private nonprofit agencies.

For more information about GROW South Dakota’s housing and business development programs and services, please visit our website at www.growsd.org or call (605) 698-7654.

Category: GROW SD

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A Half-Century of Serving South Dakotans

In 1978, NESDCAP created the Northeast South Dakota Economic Corporation (NESDEC) as a revolving loan fund to focus on small business lending and job creation in 22 counties. In 2007, Grow South Dakota, was formed to provide housing, community and economic development statewide. Through services to individuals, technical assistance to community and economic development agencies, and loans to small businesses and homebuyers, GROW South Dakota has had broad and lasting impact.

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GROW South Dakota

GROW South Dakota
104 Ash Street East | Sisseton, SD  57262
Phone (605) 698-7654 | Fax (605) 698-3038 info@growsd.org