Business

Bank of America Community Homeownership Commitment Delivers Over $15 Billion in Affordable Home Loans and Grants

Bank of America announced today that its Community Homeownership Commitment will remain in place following the successful delivery of more than $15 billion in affordable home loans, including over $600 million in down payment and closing cost grants, to 57,000 homebuyers across communities nationwide. This multi-year initiative, launched in 2019, has expanded access to affordable and sustainable homeownership.

articleBank Of America CorporationMay 28, 20264/company/bank-of-america-corp/news/bank-of-america-community-homeownership-commitment-delivers-over-dollar15-billion-in-affordable-home-loans-and-grants
Bank of America Community Homeownership Commitment Delivers Over $15 Billion in Affordable Home Loans and Grants

About this update from Bank Of America Corporation

[{"type":"text","content":"Program will become a standing commitment, continuing to help individuals and families overcome barriers to homeownership amid persistent affordability challenges","length":162,"tagName":"p","attribs":{}},{"type":"text","content":"Key points","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Bank of America is continuing its Community Homeownership Commitment after delivering more than $15 billion in affordable home loans since 2019.","length":144,"tagName":"p"}]},{"val":[{"type":"text","content":"The program has supported more than 57,000 homebuyers and provided over $600 million in down payment and closing cost grants nationwide.","length":136,"tagName":"p"}]},{"val":[{"type":"text","content":"Through CHC, consumers can continue to access non-repayable grants, affordable lending solutions and free education resources to address affordability challenges in today's housing market.","length":192,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":472,"olType":false},{"type":"text","content":"CHARLOTTE, N.C., May 28, 2026 /PRNewswire/ -- Bank of America announced today that its Community Homeownership Commitment will remain in place following the successful delivery of more than $15 billion in affordable home loans, including over $600 million in down payment and closing cost grants, to 57,000 homebuyers across communities nationwide. This multi-year initiative, launched in 2019, has expanded access to affordable and sustainable homeownership.","length":459,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Bank of America Corporation)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Bank of America Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":218,"url":"https://media.zenfs.com/en/prnewswire.com/f73e0e626f8b7c75214f0e4be3c5145e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/TKSENRcf0KXpQEFv3oLrdA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM4NA--/https://media.zenfs.com/en/prnewswire.com/f73e0e626f8b7c75214f0e4be3c5145e","width":400,"height":218},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/NozhDpynq50Un4j3P6o8cw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTM0OQ--/https://media.zenfs.com/en/prnewswire.com/f73e0e626f8b7c75214f0e4be3c5145e","width":400,"height":218}}},{"type":"text","content":""Affordability remains one o...

More updates from Bank Of America Corporation

Bank of AmericaHomeownershipaffordability