Bank of America Community Development Banking provided $7.4 billion in debt and equity financing in 2025 to 87 developments in 68 cities in 21 states.
The bank worked with both for-profit and nonprofit developers, representing more than 11,000 affordable housing units for individuals, families, seniors, veterans, people experiencing homelessness and those with special needs.
“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,” Maria Barry, Community Development Banking at Bank of America national executive, said. “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.”
The bank closed on direct and fund equity investments totaling $357 million for work-force and middle‑income housing. The direct investments provide equity for properties in seven states and will create more than 3,400 new high-quality, attainable housing units.
The bank has offered more than $42 billion in financing since 2020, creating and preserving more than 74,000 housing units in 335 cities in 40 states.
Bank of America serves nearly 70 million clients in the United States.