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.
Human Rights/Social Justice
|Prior Year Rank||3|
|Revenues ($M) (Last Fiscal Year)||$110,584|
|Profits ($M) (Last Fiscal Year)||$28,147|
|Market Value ($M) as of 8/12/19||$257,281|