Millions of American troops returning home at the close of World War II overwhelmed our nation’s ability to house them all and triggered the creation of the suburbs. As more people moved out to these “planned communities,” cities like Chicago, Washington, Atlanta and Detroit fell into disrepair. In 1978, Hugh McColl, then president of North Carolina National Bank (NCNB) spearheaded efforts to revitalize these urban areas by creating the first Community Development Corporation housed within a bank and establishing a long-standing, unique partnership with Habitat For Humanity. Today, NCNB has grown to become Bank of America, and through funding and volunteer efforts, continues to support organizations dedicated to helping individuals and communities across the country move forward.
Urban revitalization mini-documentary