Bank of America is spotlighting a major affordable housing push after its Community Development Banking business delivered $7.4 billion in debt and equity financing in 2025, helping support more than 11,000 housing units across the country. The financing backed 87 developments in 68 cities across 21 states and included housing for families, seniors, veterans, people experiencing homelessness, and individuals with special needs.
Since 2020, the bank says it has provided more than $42 billion in financing that has helped create and preserve over 74,000 housing units in 335 cities across 40 states. Framed against growing housing costs and supply shortages, the new total shows how large-scale financing continues to play a direct role in expanding access to affordable housing in communities nationwide.
Part of that 2025 activity also focused on housing tied to health and long-term stability. Bank of America said it financed 39 developments, representing 3,700 units, that included healthcare-related components such as primary and preventive care, health and wellness education, and supportive services. Separately, Banc of America Community Development Company closed $357 million in direct and fund equity investments for workforce and middle-income housing, supporting the creation of more than 3,400 units in states including Florida, Georgia, Texas, California, Colorado, Virginia, and North Carolina.
The bank also said it plans to expand its housing-and-health convening series to more cities in 2026, extending a conversation it launched in Boston around how housing, healthcare systems, and local development can work together to improve outcomes for residents.
