Building stronger communities
in New York City
Bank of America is helping to meet the need for more affordable housing in neighborhoods across
the country. Through Community Development Banking, we’re deepening our commitment to create
more communities for people to call home.
In 2020, we committed $5.87 billion for affordable housing and economic development financing,
resulting in over 13,000 housing units for people and families in need — many of which were
constructed by diverse developers. That includes over $314 million to create approximately
550 housing units right here in New York City.
In addition, we’re joining Enterprise Community Partners to invest $60 million in capital to support
minority developers and their work to build inclusive communities.
My teammates and I remain dedicated to helping more people find a place to live they can both love
and afford. What would you like the power to do?®
Go to bankofamerica.com/metroNY to learn more about
the work we are doing with our incredible partners.
Bank of America, N.A. Member FDIC. Equal Housing Lender © 2021 Bank of America Corporation. All rights reserved.
BRONX TIMES REPORTER, J BTR ULY 23-29, 2021 3
President, Bank of America New York City