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.
“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
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