Bank of America Charitable Foundation: Economic Mobility by Addressing Community Development Needs

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Deadline: 2 June 2017

Bank of America Charitable Foundation is currently seeking applications for its funding program to focus on economic mobility by addressing community developed needs through investments such as affordable housing, community revitalization, arts, and the environment.

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Economic opportunity begins with the ability to live and work in vibrant communities, with access to safe, decent housing, strong business corridors, and to arts and culture. So their funding efforts focus on the work of local, national and global nonprofit organizations working together addressing these issues essential to an individual’s economic mobility and the community’s vitality.

Focus Areas

Building Vibrant Communities: Supporting local and regional revitalization efforts taking a holistic approach to building thriving communities create economic opportunity and livable neighborhoods. This includes support of economic drivers such as arts and cultural institutions that contribute to the overall vitality of the community.
- Economic development efforts that promote small business growth and healthy commercial corridors
- Revitalization initiatives that engage community stakeholders in the economic growth of the communities. (e.g. transit oriented development as means to connect individuals to jobs services and economic opportunity, Neighborhood preservation strengthening overall community health, safety and welfare)
- Supporting community arts and cultural institutions that provide economic opportunity and contribute to the vitality and livability of communities
- Supporting efforts that create healthy neighborhoods through the preservation, creation or restoration of open/green/parks space
Expanding Access to Housing Opportunities: Supporting the efforts and programs of nonprofit organizations creating pathways to economic mobility as they work to preserve, and increase access to a mix of affordable housing options, connect individuals and families with tools, resources, to achieve their financial goals
- Organizations whose housing efforts address the needs of vulnerable populations (e.g. low and moderate income, homeless, elderly, formerly incarcerated) as they construct or preserve affordable single, multi-family, transitional and supportive housing.
- Supporting organizations creating pathways to stable housing or homeownership through financial stability efforts such as homebuyer education, budgeting, savings, credit and credit repair including foreclosure prevention and loss mitigation
- Organizations whose affordable housing programs support healthy environments through the pursuit of energy efficiency upgrades, retrofits, solar and other green building efforts.