Bank of America Community Development Banking Finances $7.4B for 11,000+ Units
Bank of America’s Community Development Banking unit provided $7.4 billion in debt and equity financing across 87 developments in 68 cities spanning 21 states, creating over 11,000 affordable housing units in 2025. Since 2020 the segment has financed $42 billion to support 74,000 affordable homes nationwide.
1. Financing Achievement
In 2025 Bank of America’s Community Development Banking provided $7.4 billion in debt and equity financing, supporting 87 affordable housing developments across 68 cities in 21 states and enabling construction or preservation of over 11,000 units.
2. Multi-Year Growth
Since the program’s inception in 2020, the unit has allocated $42 billion to finance 74,000 affordable homes, reflecting sustained expansion of its community development portfolio.
3. Strategic and Social Impact
The financing supports both for-profit and non-profit developers, reinforcing Bank of America’s commitment to expand safe, affordable housing and deepen its market presence in underserved communities.