- Associated Press - Monday, March 23, 2015

HAWARDEN, Iowa (AP) - Wells Fargo bank has donated a home in Hawarden to the Center for Financial Education, a nonprofit ministry that provides counseling services free of charge in northwest Iowa.

The Sioux City Journal (https://bit.ly/1BnSrCB ) reports that Wells Fargo donated the house mortgage-free in October. Through its Community and Urban Stabilization Program, which was started last year, Wells Fargo has donated more than 450 properties to nonprofit and faith-based organizations.

Center director Jan Henryson says that she and the center’s board of directors are exploring the home’s potential. They may convert the building into a bed and breakfast, a safe house for teenage mothers or an assisted living facility. Flipping the house for a profit or demolishing the structure and selling the lot are also options.

“We look at it and think of what it originally meant to the community of Hawarden and what it could be if it was at least somewhat restored,” she said. “There’s no way we could make it the grand house it was, but if it can be made to be usable for some different purposes, that would be our goal.”

Walking into the home for the first time was daunting, Henryson said, but she is optimistic about its potential.

“But then, I thought, there’s got to be a reason that we were given it,” she said. “We’re just going to have to see what that reason is and how it can be used.”

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Information from: Sioux City Journal, https://www.siouxcityjournal.com


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