Bank of America today announced a three-year commitment to make available up to 1,000 properties to nonprofit organizations and local government programs that provide homes for injured military veterans and first responders.
“This is an important expansion of our property donation and community revitalization initiatives and improves the inventory of homes these organizations focused on assisting our veterans and first responders need,” said D. Steve Boland, national mortgage outreach executive for Bank of America. “We understand our responsibility to help neighborhoods impacted by foreclosure and property abandonment to recover.”
The bank’s announcement was underscored this week when two retired servicemembers who were injured serving in Operation Enduring Freedom were presented with keys to their new homes.
In Tucson, Ariz., Eric Griego, his military veteran wife and 5-year-old daughter received the keys to their new three-bedroom, two-bath home, donated by Bank of America through the Military Warriors Support Foundation.
In San Antonio, Texas, Matthew Sheffel, a single father of a 10-year-old daughter and 6-year-old quadruplets who was living in a remote cabin, will move into a more suitable family-sized home. It’s a gift from Bank of America through Operation Homefront.
Already, more than two dozen homes have been donated under the program through the established relationships with these two organizations. Bank of America is in discussions with other non-profit groups serving military veterans to broaden the outreach. In addition, homes will be provided through property donations to affiliates of Habitat for Humanity and other affordable housing organizations.