Bank of America Provides Affordable Housing to Aid Hurricane Evacuees
September 16, 2005
Texas communities receive grants and volunteer services
DALLAS--- Bank of America has donated 45 bank-owned apartments, waiving security deposits and two months of rent, for families currently sheltered in Reunion Arena. More than 50 Bank of America associates will partner with The Potter’s House on Project Exodus and Reverend T.D. Jakes to move these families into their new homes.
In addition, Bank of America has contributed $25,000 to the Salvation Army and $25,000 to the North Texas Food Bank to provide food for the evacuees in their new apartments. This weekend, Bank of America executives will be on hand to help the evacuees settle into their new homes and provide $400 worth of gift cards to each family for Target and Wal-Mart.
“We are committed to working with community partners and local government leaders across Texas to provide much needed financial, housing and relief to the people who have come here as a result of Hurricane Katrina,”said Walter Elcock, president, Bank of America, Texas. “While we have made progress in assisting the evacuees, there is still much work ahead. As the recovery effort progresses, Bank of America will continue to assist any way we can.”
Bank of America and its associates are working in several Texas communities to aid Hurricane Katrina evacuees, providing financial and volunteer services:
* Houston - Bank of America has donated $100,000 to the Houston Food Bank to provide food to evacuees housed in the Astrodome. On Saturday, September 17, approximately 200 bank associates will volunteer at the food bank through the United Way Day of Caring.
* San Antonio - Bank of America has donated $100,000 to the Communities in Schools program to provide books, supplies, uniforms or other clothing to Hurricane Katrina victims attending school .
* Fort Worth - Bank of America has provided $25,000 to Child Care Associates to provide child care expense subsidies for Hurricane victims looking for or having obtained employment in Tarrant County.
Bank of America and its associates nationwide have donated almost $4 million to Hurricane Katrina relief. On September 1, the bank announced a $1 million corporate donation through the Bank of America Charitable Foundation. To date, Bank of America associates have donated $1.4 million which has been matched dollar-for-dollar by the bank.
Additionally, Bank of America customers have donated over $1 million dollars at banking centers nationwide. Donations to the American Red Cross can be made at any Bank of America banking center location.
Bank of America is one of the world’s largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving 33 million consumer relationships with more than 5,800 retail banking offices, more than 16,700 ATMs and award-winning online banking with more than twelve million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 150 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 85 percent of the Global Fortune 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
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