We have more than $1 billion in investments to approximately 250 community development financial institutions (CDFIs) in all 50 U.S. states, Puerto Rico and the District of Columbia. CDFIs - typically nonprofit loan funds - provide loans, mentoring and technical assistance supporting small businesses, affordable housing, energy efficiency, health care centers, fresh food supermarkets, education, and nonprofit organizations in underserved communities. Through these innovative partnerships, we’re making more capital available for people and communities, and helping address important economic and social issues.
To learn more about how we work with CDFIs please visit our website.
To demonstrate this commitment, recently the New York City Energy Efficiency Corporation (NYCEEC) announced that Bank of America extended a $10 million loan, enabling NYCEEC to increase its impact and expand its portfolio of clean energy projects. Read more.