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Solving a housing puzzle.

In many U.S. cities, soaring land and construction costs incentivize developers to charge higher rents than low- and middle-income workers can afford. To close that gap, Bank of America lends money at below cost, works the tax-credit system, and teams up with nonprofits. The payoff: Since 2005, BofA has financed 194,500 units of affordable housing.

Company Information

Country
U.S.
Headquarters
Charlotte
Impact Segment
Human Rights/Social Justice
Sector
Financials
Industry
Commercial Banks
CEO
Brian Moynihan
Websitehttp://www.bankofamerica.com
Company Type
Public
Ticker
BAC
Prior Year Rank3
Revenues ($M) (Last Fiscal Year)$110,584
Profits ($M) (Last Fiscal Year)$28,147
Market Value ($M) as of 8/12/19$257,281
Employees204,489

Refinitiv Sustainable Leadership Monitor

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