Spotlight on Bank of America

PCHTF thanks donors for their continued support

Spotlight on Bank of America

Welcome to a new monthly feature designed to shine a light on the funders who are helping make a brighter future for affordable housing in central Iowa. First up - Bank of America. For eight years Bank of America has provided corporate donations totaling $167,000 in total grant funding to help low-income households obtain and retain affordable housing units.

“We believe it's important to support organizations that help people when and where they need it most,” said Deon Pitsor, Iowa Market President at Bank of America. “Access to affordable housing is fundamental to maintaining strong and healthy economies. That’s why we support the Housing Trust Fund. Its focus on regional planning, advocacy and strategic funding is the kind of work needed to ensure the right mix of affordable housing and in turn, the economic vitality of our region. As a native Iowan it makes me especially proud that Bank of America provides its support both here in Iowa and around the world.”

“You can learn a lot about a company by what it focuses on in its grant application,” shared Eric Burmeister, Executive Director at the Polk County Housing Trust Fund. “It is clear Bank of America takes a holistic view of community development and the critical role housing plays in the health of neighborhoods and vitality of a region. Their grant application made it clear they want to help distressed homeowners remain in their homes, prepare future homeowners on what it takes to be a good homeowner, and support both the rehabbing of abandoned or dilapidated units and the construction of new housing.”

Last year a portion of grant funds were used to provide homeownership counseling to 27 Habitat for Humanity families and underwrite part of the cost of Anawim Housing and Hawthorn Hill’s family counseling services that integrate financial education into their life skills curriculum.

To learn more about Bank of America’s corporate giving in Iowa and around the globe, visit the Bank of America website, or follow Bank of America on Facebook and Twitter. To learn more about how the PCHTF is funded and list of private sector funders visit www.pchtf.org.