Whether it’s close to home or halfway around the world, we use our reach and resources to provide disaster relief, fight hunger and meet other basic needs. We also invest in communities with various programs that provide capital and training for small businesses, affordable housing for families and create economic opportunity for individuals.
Treating the world as our neighbor
As a global company we have the ability — and a responsibility — to help meet various needs in the communities we serve. We do so on many different challenges, from helping build stronger economies to stepping in when natural disasters happen to our teammates and others.
To have the most success and impact, we often partner with nonprofits and other local organizations — like Community Development Financial Institutions (CDFIs) — that have specific expertise on an issue or geographic area. We want our efforts to be efficient and effective, reaching many people with sustainable solutions.
Affordable homes for families
“Since I moved here, I feel proud of myself and it’s starting to show with myself and with my relationship with my daughter. I want her to just be the best her and the only way that she can do that is if she sees me being the best me.”
Taylor Allen | Resident at the Dr. Lena Frances Edwards Apartments
From the Dr. Lena Frances Edwards Apartments in Jersey City to other projects nationwide, we help build affordable housing that lets residents establish roots and create a more secure future. The impact ripples beyond the building, too, strengthening the surrounding communities and helping them build affordable housing.
An historic Houston neighborhood on the rebound
See how the once-thriving Fifth Ward is reversing decades of decline through developing places and opportunities for people to live, work and play.
Fulfilling the dream of home ownership
See how community lending programs and local partnerships helped make affordable housing a reality for a Tampa, FL resident.
Working to address affordable housing in Austin
See how we’re working with several organizations in the Greater Austin area to mitigate housing insecurity and finance affordable housing projects.
Capital for small businesses
By partnering with Community Development Financial Institutions (CDFIs) around the country, we contribute to a host of economic development initiatives in underserved neighborhoods. Because the CDFI’s know their local communities well, our job is to connect them with funding, donate money for operating costs and consult with them on how to help small businesses grow.
Access to Capital Directory
Explore hundreds of organizations that provide funding, including an extensive list of Community Development Financial Institutions (CDFIs) supported by Bank of America.
Providing opportunity for Manchester business owners
See how the New Hampshire Community Development Financial Institution is helping minority business owners by providing lending and technical assistance.
Our CDFI partnerships - Bank of America
In all 50 states and the District of Columbia, we partner with community development financial institutions (CDFIs) to fund projects that strengthen families, businesses and entire communities in underserved areas.
Supporting small businesses
Whether you work for a small business or rely on one for the things you need, we all understand the critical role that startups and growing businesses play in our communities and our lives.
Disaster relief and crisis support
We proactively support people during humanitarian crises, civil strife and disasters, whether they're our clients, our teammates or people in any part of the world. Some of the ways we offer our support are:
- Priority phone lines for clients and teammates that provide anywhere-access to specialists who will offer options for their specific situation
- Proactive outreach via email, our website and social media to let those affected by events know some of the ways they can get help
- The Employee Relief Fund and Life Event Services team, which focuses on our teammate's safety and security during disasters and impactful life events
- Our Charitable Foundation provides relief and recovery funds for communities impacted by hurricanes, earthquakes and other crises
Helping fight hunger
We support many charities’ efforts to reduce hunger and look to a future where no one goes without. Millions of people in the U.S. are unsure how they’ll get their next meal. From coast to coast, we partner with dedicated nonprofits that feed working families, children, the elderly and other at-risk groups.
Fighting for global health on all fronts
Vulnerable communities around the world, including people living with HIV/AIDS, have been disproportionally impacted by the coronavirus which threatens to destroy years’ worth of progress in the fight against AIDS. It has become clear that we cannot win the fight against one pandemic without combatting the other.
Bank of America proudly supports (RED)’s efforts in the global COVID response. Our commitment of $35 million to the Global Fund will help to fight both pandemics — funding AIDS prevention and treatment and helping to provide equitable access to COVID testing, treatment and personal protection equipment. There has never been a more important time for companies to step up to join the fight against these global health emergencies.