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BofA Boosts Planned Affordable Housing Spending to $15B

Friday, Feb 05 2021
Lending
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Bank of America has tripled its investment commitment on affordable housing, to a total of $15 billion over the next five years. So reports Reuters.

The bank said that the robust mortgage market had resulted in its initially planned outlay of $5 billion being reached ahead of schedule.

B of A plans to help 60,000 new home buyers with moderate to low incomes, up from the earlier goal of 20,000 new homeowners.

Read the full article from Reuters.

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