Do you believe America's road to recovery begins in our local neighborhoods? These stories are about people and organizations working hard to preserve and revitalize communities. We're proud to support their efforts and do our part by investing in impactful, local and national programs that help to provide affordable housing, offer neighborhood residents home retention and foreclosure counseling, and promote neighborhood stabilization across the country.
Chicago’s Mercy Housing Lakefront Builds Safe, Vibrant, Healthy Communities by Developing Affordable Housing
Aug 23, 2012
In Chicago’s Uptown neighborhood in the 1980s, housing options for low-income residents were rapidly disappearing. Many of the older single-occupancy hotels were being torn down… learn More about Chicago’s Mercy Housing Lakefront Builds Safe, Vibrant, Healthy Communities by Developing Affordable Housing
Bank of America Announces Second-Year Results of 10-Year, $1.5 Trillion Community Development Lending and Investing Goal
May 19, 2011
Bank of America announced May 19 that it provided $168.5 billion in community development loans and investments in 2010, benefitting low- and moderate-income (LMI), minority and underserved customers and communities… learn More about Bank of America Announces Second-Year Results of 10-Year, $1.5 Trillion Community Development Lending and Investing Goal
Aug 01, 2012
Mott Haven in the South Bronx is one of the poorest neighborhoods in the country, with unemployment at almost 30%. But a relatively modest amount of funding —under $2000—from Citizens Committee for NYC has helped create a community garden on Saint Ann’s Avenue that’s bringing neighbors together and helping revitalize the community… learn More about Citizens Committee for NYC Provides Micro-grants to Neighborhood Groups to Create Parks and Gardens
Jul 10, 2012
Steve Rice grew up near Bremerton, Washington, where one out of five city residents lives in poverty, and where the median household income is almost $20,000 lower than the state’s median. In 1985, he returned to the city to set up his architecture practice - Rice Fergus Miller - with the goal of becoming a “community architect” and devoting his professional life to helping improve the city… learn More about Designing a Sustainable Future for Bremerton
Jun 28, 2012
San Francisco’s cost of living is 66 percent higher than the national average. The cost of living coupled with shrinking public budgets for affordable housing initiatives and investments can present serious economic hurdles for low-income residents. One neighborhood in particular that has been faced with this urban affordability crisis is the Tenderloin, home to roughly 25,000 people and the highest poverty rate of any other neighborhood in the City… learn More about Business with a Mission in San Francisco
*Bank of America provided more than $1.6 billion to help create more than 12,000 affordable housing units for individuals with special needs, families, seniors and veterans in 2011.