Bank of America Invests Nearly $43 Million to Help Drive Economic Mobility in Washington, DC – PR Newswire – DC Initiative on Racial Equity
Skip to content Skip to footer

Investment Will Spur Economic Development and Support Physical and Mental Health Initiatives in Historic Anacostia and throughout D.C.

, /PRNewswire/ — Bank of America today announced an investment of nearly $43 million directly impacting economic and social opportunity in Southeast and Southwest Washington, D.C. as part of its commitment to local communities. Through affordable housing projects and partnerships with local nonprofits, including Building Bridges Across the River (BBAR), the Washington Area Community Investment Fund (Wacif), and Bread for the City, the funding and grant package will address housing, workforce development, healthcare and small business efforts in the region.

Aerial shot of the future 11th Street Bridge Park spanning the Anacostia River, D.C.’s first elevated public park. Photo courtesy of OMA+OLIN.

Aerial shot of the future 11th Street Bridge Park spanning the Anacostia River, D.C.’s first elevated public park. Photo courtesy of OMA+OLIN.

Future 11th Street Bridge Park spanning the Anacostia River, D.C.’s first elevated public park. Photo courtesy of OMA+OLIN

Future 11th Street Bridge Park spanning the Anacostia River, D.C.’s first elevated public park. Photo courtesy of OMA+OLIN

Aerial shot of the future 11th Street Bridge Park spanning the Anacostia River, D.C.’s first elevated public park. Photo courtesy of OMA+OLIN. Future 11th Street Bridge Park spanning the Anacostia River, D.C.’s first elevated public park. Photo courtesy of OMA+OLIN

“These are the types of investments that give more D.C. residents a fair shot,” said Mayor Muriel Bowser. “Bank of America and the organizations it’s partnering with know D.C., they know what our residents and neighborhoods need to thrive, and I’m confident in their ability to help us realize our shared goal of building a more equitable and connected D.C.”

Aligned with Bank of America’s $1.25 billion, five-year commitment to help advance racial equality and economic opportunity in local communities, the funding is aimed at improving the area’s long-term economic growth and stability. 

As part of its commitment to safe, affordable housing, Bank o


Read Full Article at www.prnewswire.com


Leave a comment

DC Initiative on Racial Equity
📧 dcracialequity@gmail.com

© 2022. All Rights Reserved.

AllEscort