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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.

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    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