Affordable Housing, Small Business Resiliency and Neighborhood Revitalization – Jun 23

Posted by Bank of America Charitable Foundation on June 6, 2023

Bank of America Charitable Foundation invites applications for community needs

The Bank of America Charitable Foundation works to develop strong partnerships with nonprofit organizations to address issues fundamental to economic mobility and social progress in low- and moderate-income communities.

To that end, the foundation invites proposals that address economic mobility focused on the community’s needs, specifically community development and small business resiliency.

For the June 23, 2023, deadline, the foundation is accepting proposals in the following categories:

Affordable Housing: Examples include housing development for vulnerable populations through the construction or preservation of affordable single, multi-family, transitional, and supportive housing; minority homeownership programs; pathways to stable housing or homeownership through financial habits and stability efforts such as homebuyer education, budgeting, savings, and credit counseling including eviction and foreclosure prevention; and sustainable development efforts creating healthy living environments through energy-efficiency upgrades, retrofits, solar and other green-building efforts.

Small Business Resiliency: Examples include technical assistance supporting entrepreneurs as they start up, grow, and expand their business; operational capacity of CDFIs delivering essential growth capital to entrepreneurs; supporting organizations assisting minority-owned small businesses, creating business incubators and accelerators that provide mentorships, resources, and networks entrepreneurs need to launch, fund and grow their businesses, and economic development efforts that promote small business growth and healthy commercial corridors.

Neighborhood Revitalization: Examples include revitalization, preservation, and stabilization initiatives that engage community stakeholders in building livable communities; transit-oriented development efforts that connect individuals to jobs, services, schools, and economic opportunity; community arts and cultural institutions that provide economic opportunity and contribute to the vitality and livability of communities; resiliency of communities supporting short and long term plans to prepare, withstand and recover from extreme weather events and the long-term impacts of climate change; environmental efforts through the preservation, creation or restoration of open space, parks, and community gardens; and supporting organizations/initiatives that bring energy efficiency and renewable energy advances to LMI/BIPOC communities.

For complete program guidelines and application instructions, see the Bank of America Foundation website.

Deadline: June 23, 2023