FOR IMMEDIATE RELEASE

Release Date: June 25, 2004

Contact:

 Sue Pisani
Home Buyer Education Administrator
208-331-4847
Reed Hollinshead
IHFA Public & Media Relations Officer
208-331-4858

Home Buyer Education Receives $5,000 Contribution from Wells Fargo Housing Foundation

BOISE - The Wells Fargo Housing Foundation recently contributed $5,000 to the Finally Home!® Home Buyer Education program administered by the Idaho Partners for Home Buyer Education (IPHBE), to assist with educational contract expenses, textbooks and other class materials and program administration. Overall, Wells Fargo has now contributed a total of $40,000 to the home buyer education program since 1999. Idaho Housing and Finance Association contributes administrative support to Finally Home!®

"The mission of our Housing Foundation is to provide resources to nonprofit organizations and to Wells Fargo team members to meet the local homeownership needs of low- to moderate-income people," said Jo Lewis, Wells Fargo's regional emerging markets manager for Idaho.

"The programs provided by the Housing Foundation demonstrate Wells Fargo Home Mortgage's commitment to provide financial services to all of its customers, including low- to moderate-income community members," she added.

The Home Buyer Education program is provided by the IPHBE, a nonprofit organization that has joined with local partners in Idaho to offer Finally Home!® classes every month statewide. Class content covers everything from qualifying for a mortgage and choosing a real estate professional, to making an offer and closing.

Finally Home!® has graduated more than 10,000 future Idaho home owners since its inception and anticipates graduating a total of 2,400 in 2004.

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The Idaho Housing and Finance Association, a financial services and housing organization, provides funding for affordable housing in Idaho communities where they are most needed and when it is economically feasible. IHFA uses no state funds or state employees to support its operations. For more information, visit our Web site at www.ihfa.org.