Bank of America has committed to provide
1,000 homes over a three year period to local agencies and non-profit
organizations working with injured veterans and first responders. The Bank announced the program today along
with the names and information on the two most recent recipients on Friday.
The bank said over two dozen homes have
already been donated through the program, two in the last few weeks. These homes, one in Tucson, Arizona and the
other in San Antonio, Texas were handed over to retired military wounded in the
Iraqi War. The first was provided to a
vet with a military veteran wife and a young daughter, the other to a single
father of five including quadruplets. The donations were facilitated through the
Military Warriors Support Foundation and Operation Homefront.
The Bank said it is in discussion with
other non-profit groups with military veteran clients to broaden outreach. Homes will also be provided to affiliates of
Habitat for Humanity and other affordable housing organizations.
"This is an important expansion of our
property donation and community revitalization initiatives and improves the
inventory of homes these organizations focused on assisting our veterans and
first responders need," said D. Steve Boland, national mortgage outreach
executive for Bank of America. "We understand our responsibility to help
neighborhoods impacted by foreclosure and property abandonment to recover."