Business
BofA Community Development Banking Delivers $7.4 Billion in Financing, Creating 11,000+ Affordable Housing Units in 2025
Bank of America Community Development Banking continued to advance access to safe, affordable housing last year by providing $7.4 billion in debt and equity financing. In 2025, Community Development Banking financed 87 developments in 68 cities across 21 states throughout the United States – working with for-profit and non-profit developers – representing more than 11,000 affordable housing units1. This includes housing for individuals, families, seniors, veterans, people experiencing homelessne
About this update from Bank Of America Corporation
[{"type":"text","content":"Since 2020, Provided $42 Billion to Finance 74,000 Units, Addressing Increasing Affordable Housing Needs","length":104,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, Feb. 12, 2026 /PRNewswire/ -- Bank of America Community Development Banking continued to advance access to safe, affordable housing last year by providing $7.4 billion in debt and equity financing. In 2025, Community Development Banking financed 87 developments in 68 cities across 21 states throughout the United States – working with for-profit and non-profit developers – representing more than 11,000 affordable housing units1. This includes housing for individuals, families, seniors, veterans, people experiencing homelessness and those with special needs.","length":572,"tagName":"p"},{"type":"image","alt":"Community Development Banking housing project","displaySize":"","headline":null,"caption":"Community Development Banking housing project","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":225,"url":"https://media.zenfs.com/en/prnewswire.com/bec9e718d30833466a4c6311474cc4a4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/uSPgWeZnJYEderqDpaMqJg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/bec9e718d30833466a4c6311474cc4a4","width":400,"height":225}},"href":"https://mma.prnewswire.com/media/2902454/BofA_Community_Development_Banking_housing_project.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"BofA helps build strong and healthy communities through affordable housing and economic opportunities. Since 2020, the company has provided more than $42 billion in financing, creating and preserving more than 74,000 housing units in 335 cities across 40 states.","length":262,"tagName":"p"},{"type":"text","content":""For nearly 40 years, we have remained committed to advising our clients and delivering innovative financing solutions that help them grow, navigate uncertainty and improve the communities where we live and work," said Maria Barry, National Executive of Community Development Banking at Bank of America. "When we talk about affordable housing, we're talking about the foundation for a better future. The housing we help finance improves stability and creates long‑term opportunities for individuals and families."","lengt...