Dallas megachurch pastor T.D. Jakes, Wells Fargo pair on $1 billion neighborhoods project
The money will first go towards Jakes’ most recent real estate venture outside of Atlanta. Last year, Jakes’ real estate group began purchasing nearly 100 acres of Fort McPherson, a historic former army base, with plans to create a mixed-use community.
With the first project near Atlanta, the project is set to prioritize green space along with mixed-income housing and an array of single-family homes, townhomes and apartments, alongside grocers and healthcare. Elements of the Fort McPherson development will be modeled after Jakes’ Dallas multi-generational community.
More recently, the bank agreed to pay $7.8 million in back wages and interest to resolve allegations of hiring discrimination in 2020, after the U.S. Department of Labor’s Office of Federal Contract Compliance Programs
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