About Us
Bank of America is a global financial institution headquartered in Charlotte, North Carolina, offering a full range of banking, investing, asset management, and commercial financial services in the United States and more than 35 countries. Through its affordable housing finance platform, particularly Bank of America Community Development Banking (CDB), the company provides debt and equity financing to support the construction, acquisition, rehabilitation, and preservation of affordable multifamily housing across the country. CDB partners with developers, public agencies, and nonprofit organizations to structure capital for income‑restricted communities that serve families, seniors, veterans, and other populations in need of affordable homes.
In recent years, Community Development Banking has delivered billions in lending and investing for affordable housing projects, helping create and preserve thousands of housing units nationwide and integrating structured financing tools such as Low Income Housing Tax Credits. The division also participates in broader community development initiatives and homeownership commitments aimed at expanding access to affordable housing and related services across diverse markets.