Wednesday, June 06, 2007

Bank of America Commits To Affordable Housing

LAS VEGAS — The Bank of America Charitable Foundation today announced the donation of $240,000 to 12 local housing nonprofit organizations in recognition of their work championing housing and homeownership opportunities in Southern Nevada. The housing counseling agencies, homebuilding developers, and housing assistance and rehabilitation partners will each receive $20,000 in unrestricted grants.

"These funds are especially important in Nevada as foreclosures increase and low-income housing needs rise," said George W. Smith, Nevada President, Bank of America. "The grants will help nonprofit developers build new affordable housing, and housing counselors educate more buyers on how to make better financial decisions. I am honored to recognize these nonprofits today as they are truly the foundation of housing solutions in Southern Nevada."

The grants were given at the Las Vegas Housing Champions Breakfast, featuring UNLV Basketball head coach Lon Kruger. At the breakfast, Coach Kruger spoke to the grant recipients about the importance of teamwork and the potential impact these organizations can have by working together.

The grant recipients include: ACORN Housing, Consumer Credit Counseling Services of Southern Nevada, Housing for Nevada, Neighborhood Housing Services of Southern Nevada, Nevada Fair Housing Center, Inc., Women's Development Center, Habitat for Humanity, HomeAid of Southern Nevada, Rebuilding Together/Christmas in April, Community Services Agency Development Corporation, Idaho Nevada Community Development Financial Institution, and Nevada HAND.

We appreciate Bank of America focusing in on Nevada's housing challenges, including having the highest foreclosure rates in the U.S., and a growing need for lower income housing for the local workforce. It also demonstrates how focused giving can make a real impact anywhere.

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