BofA Community Development Banking Delivers $7.4 Billion in Financing, Creating 11,000+ Affordable Housing Units in 2025

Bank of America (NYSE: BAC) Community Development Banking provided $7.4 billion in debt and equity financing in 2025, supporting 87 developments across 68 cities and creating more than 11,000 affordable housing units.

Rhea-AI Summary

Bank of America (NYSE: BAC) Community Development Banking provided $7.4 billion in debt and equity financing in 2025, supporting 87 developments across 68 cities and creating more than 11,000 affordable housing units.

Since 2020 the program has delivered $42 billion and helped create or preserve over 74,000 units; 2025 investments included $357 million in direct and fund equity for workforce and middle-income housing (up to 120% AMI).

Positive

• $7.4B in 2025 affordable housing financing
• 11,000+ affordable housing units created in 2025
• $42B provided since 2020, creating 74,000 units
• $357M direct equity for workforce/middle-income housing (creates >3,400 units)
• 3,700 housing units financed with health care components

Negative

• Direct equity targets workforce/middle-income housing up to 120% AMI, not solely lowest-income households

Argus Feb 12 session

-2.47% close to close Open Argus

Details

News Market Reaction – BAC

On Feb 12, the day this news came out, BAC closed 2.47% below the previous close.

Data tracked by StockTitan Argus for the Feb 12 session.

Market Context

This announcement highlights Bank of America’s role in affordable housing, with $7.4 billion in 2025...

Analysis

This announcement highlights Bank of America’s role in affordable housing, with $7.4 billion in 2025 financing supporting over 11,000 units and cumulative $42 billion since 2020. It underscores community development as a strategic pillar alongside its large-scale retail and digital franchise. Historically, broadly positive corporate and dividend news has produced mixed short-term price reactions. Investors tracking this theme may watch future financing volumes, geographic reach, and how these initiatives intersect with regulatory filings and capital markets activity.

Key Figures

2025 financing: $7.4 billion 2025 housing units: 11,000+ units Financing since 2020: $42 billion +5 more

2025 financing

$7.4 billion

Debt and equity financing by Community Development Banking in 2025

2025 housing units

11,000+ units

Affordable housing units financed in 2025 developments

Financing since 2020

$42 billion

Total affordable housing financing provided since 2020

Units since 2020

74,000 units

Housing units created/preserved since 2020

2025 developments

87 developments

Projects financed in 68 cities across 21 states in 2025

Health-linked housing

3,700 units

2025 developments with a health care component

Workforce equity

$357 million

Direct and fund equity investments for workforce and middle-income housing in 2025

Workforce units

3,400+ units

New workforce and middle-income housing units from 2025 equity investments

Historical Context

5 past events · Latest: Feb 10

5 events

1. Feb 10

   Advisor recognition

   24h Move

   -1.8%

   Merrill advisors ranked highly on Forbes Top Women Wealth Advisors lists.

2. Feb 05

   Preferred redemption

   24h Move

   +2.9%

   Full redemption of Series DD preferred stock and related depositary shares.

3. Feb 03

   Dividend declaration

   24h Move

   +1.7%

   Declared Q1 2026 common and preferred stock cash dividends.

4. Jan 20

   Employee equity award

   24h Move

   -1.6%

   Announced $1 billion Sharing Success equity awards to non-executive employees.

5. Jan 16

   Preferred dividends

   24h Move

   -1.6%

   Declared regular cash dividends on multiple preferred stock series.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

area median income

1 terms

area median income financial

"workforce and middle‑income housing, generally up to 120% of area median income."

Area median income (AMI) is the midpoint household income for a specific metropolitan area or county — half of households earn more and half earn less. Investors use AMI to gauge local housing affordability and eligibility for income-restricted programs and tax incentives; think of it as a local benchmark that helps predict demand for market-rate versus subsidized rental housing, rent-setting, and potential access to development subsidies or favorable financing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Since 2020, Provided $42 Billion to Finance 74,000 Units, Addressing Increasing Affordable Housing Needs

NEW YORK, Feb. 12, 2026 /PRNewswire/ -- Bank of America Community Development Banking continued to advance access to safe, affordable housing last year by providing $7.4 billion in debt and equity financing. In 2025, Community Development Banking financed 87 developments in 68 cities across 21 states throughout the United States – working with for-profit and non-profit developers – representing more than 11,000 affordable housing units¹. This includes housing for individuals, families, seniors, veterans, people experiencing homelessness and those with special needs.

BofA helps build strong and healthy communities through affordable housing and economic opportunities. Since 2020, the company has provided more than $42 billion in financing, creating and preserving more than 74,000 housing units in 335 cities across 40 states.

"For nearly 40 years, we have remained committed to advising our clients and delivering innovative financing solutions that help them grow, navigate uncertainty and improve the communities where we live and work," said Maria Barry, National Executive of Community Development Banking at Bank of America. "When we talk about affordable housing, we're talking about the foundation for a better future. The housing we help finance improves stability and creates long‑term opportunities for individuals and families."

Stable housing is closely tied to long‑term physical, mental and financial wellness for residents and the broader community. In 2025, BofA financed 39 developments, representing 3,700 housing units, with a health care component. This includes access to health and wellness education, primary and preventative care and supportive services. In 2025, the bank hosted, "A Meeting at the Intersection of Health and Housing," a first-of-its-kind thought leadership event in Boston. The bank connected health care systems, affordable housing developers and community leaders, to discuss how its collective action will create better health and housing outcomes. This series is expanding to additional cities in 2026.

"We work closely with experienced developers, as well as local and state agencies, to help meet community needs," said Barry. "By supporting affordable housing, we aim to help reduce housing insecurity, improve quality of life and strengthen communities over the long term."

Banc of America Community Development Company closed direct and fund equity investments totaling $357 million in 2025 for workforce and middle‑income housing, generally up to 120% of area median income. The direct investments provide equity for properties located across Florida, Georgia, Texas, California, Colorado, Virginia and North Carolina and will create over 3,400 new high-quality, attainable housing units for working individuals and families to help address the severe workforce housing shortages in some of the most competitive housing markets.

Community Development Banking is proud to be a leader in advancing the future of the affordable housing industry. Last spring, it hosted the 35^th annual Bank of America Affordable Housing Challenge. The competition invites undergraduate and graduate teams to design innovative and impactful affordable housing developments. Many alumni of the Challenge have careers in affordable housing, and some of the proposed affordable housing designs have been built and house residents today.

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact

Anu Ahluwalia, Bank of America      
Phone: 1.646.855.3375
anu.ahluwalia@bofa.com

Footnotes

1 For households earning 30% to 120% area median income.

 

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SOURCE Bank of America Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much financing did Bank of America Community Development Banking provide in 2025 (BAC)?

Bank of America provided $7.4 billion in debt and equity financing in 2025. According to the company, that financing supported 87 developments across 68 cities and created more than 11,000 affordable units.

What cumulative affordable housing impact has Bank of America (BAC) reported since 2020?

Since 2020, Bank of America has provided $42 billion in financing and created or preserved over 74,000 housing units. According to the company, this occurred across 335 cities in 40 states.

How many affordable housing units did BAC finance with health care components in 2025?

Bank of America financed health-linked housing representing 3,700 units in 2025. According to the company, 39 developments included health care services, wellness education, and supportive services.

What is the size and purpose of the direct equity investments BAC announced for 2025?

The bank closed $357 million of direct and fund equity in 2025 for workforce and middle-income housing. According to the company, these investments will create over 3,400 attainable housing units.

How geographically broad was Bank of America's 2025 Community Development activity (BAC)?

In 2025, activities covered 68 cities in 21 states, spanning diverse U.S. markets. According to the company, the work involved both for-profit and non-profit developers across those locations.

Does Bank of America's 2025 affordable housing funding include support for vulnerable populations (BAC)?

Yes. The 2025 financing supported housing for seniors, veterans, people experiencing homelessness and those with special needs. According to the company, projects targeted a range of household types and incomes.