You rebuild deteriorating neighborhoods. Revive struggling communities. Reshape how people live and work. For the last 30 years, if we haven't been working directly with you, we've been working right alongside you.
For affordable housing developers, there are many industry challenges but also many opportunities for success. Address all the complexities with a knowledgeable banking team.
From changing market conditions to additional policy requirements, you constantly need to identify realistic opportunities and craft financing solutions for them. We can work with you on all aspects of development, providing flexible loans, vital tax-credit investments and helpful research.
Rely on our more than three decades of experience navigating the ups and downs of community development. We've also pledged the biggest commitment to it — $1.5 trillion over 10 years.
Helping to create more than 10,000 affordable housing units for families, seniors, veterans and individuals with special needs every year, we consistently provide more than $2 billion in loans and tax-credit investments annually.
Whether you run a not-for-profit devoted to neighborhood revitalization, are a developer with an affordable housing division or operate a public development agency, Banc of America Community Development Corporation — the nation's first, largest and most active bank-owned CDC — works with you on projects that act as catalysts for urban renewal.
If you're developing affordable and rental housing, acquiring or rehabilitating distressed rental properties or converting historic buildings into new housing, look to our CDC for help. You can count on us for seasoned experience and financial support.
You can be confident working with an experienced team. The CDC has developed or rehabilitated more than 30,000 affordable housing and mixed-income rental units.
In a project's early phases, multiple elements help you determine next steps. By evaluating affordable housing demand, policy changes and construction readiness, you can determine the best course of action.
Equip your organization with reliable information to move projects forward. From creating viability studies of formerly blighted communities to commissioning forward-looking action papers, our dedication to you includes an active investment in research to help you make wise development decisions.
However demanding your revitalization effort, you have access to financing expertise, capabilities and guidance to help advance your goals.
Build and preserve affordable and workforce housing.
Leverage a variety of term debt channels for multifamily developments.
Use Bank of America Merrill Lynch letters of credit to enhance bonds issued to finance housing.
Bypass the public market with our tax-exempt, direct placement bond product featuring a combined construction and term debt loan.
Access financing and grants for affordable housing and economic development.
Streamline your project financing with our simpler, less expensive long-term amortizing loan for affordable multifamily housing construction.
Draw on our LIHTC expertise for affordable housing with a direct or syndicated investment.
Benefit from equity arising from our investments in partnerships that use historic tax credits to develop real estate.
Make use of community development funding either on its own or in tandem with our other specialized funding options.
Real estate businesses have distinct treasury requirements. That's why our specialists work closely with you to determine the right solutions for your evolving needs.
View, analyze and manage your financial information through one integrated online banking channel.
Let our commercial card technologies automate payments, deliver faster access to consolidated global data, reduce costs, increase working capital and improve process efficiencies. You can also:
Benefit from an holistic solution that can:
Increase your straight-through reconciliation rate with advanced remittance information designed to improve receipt matching. Our comprehensive payment and receipt solutions also help you:
Access a global network of liquidity services and experts to help your business:
Gain a competitive edge with innovative solutions designed to help you optimize cash flow and minimize risk across your global trade and supply chain.
With the constant challenges that come with running a real estate operation, you want creative and timely solutions for your capital-raising needs.
Address your complex goals quickly with our capital-raising expertise and strength. From corporate bond offerings to equity private placements, you have access to comprehensive financing, expert execution and the knowledge and relationships of a long-time leader in real estate investment banking.
If you need equity and debt capital, you have a client-focused investment team for guidance and solutions. For example, when some clients needed more financing options coming out of the downturn, we were able to re-open the debt private placement market in the real estate space.
As your organization grows, you have lines of credit, derivatives, capital market access, equity-assistance opportunities and M&A advisory services. We have helped many clients go public as well as expand geographically with tailored products.
Tap into flexible solutions across disciplines, including long-term, tax-exempt bond financing for infrastructure.
As markets become increasingly globalized and more volatile, commercial real estate companies are exposed to greater opportunities and risks than ever before. Protect your business in changing conditions with risk-management guidance and solutions.
Manage your interest-rate risk in U.S. dollars and other currencies through a full range of services from our Global Markets group, including interest-rate swaps and purchased caps and collars.
Reduce import costs and transact business in countries where you may be exposed to financial risks from rapidly changing exchange rates.
Help shield your business from the incredible volatility that constantly arises in the commodities markets (energy, metals, softs, ags).
Whether you're importing or exporting, trust our near-century of international banking experience and multiple trade capabilities, including trade-finance and supply-chain solutions.
For all you accomplish now and in the future, we can help you plan to make the most of your wealth and support the financial well-being of your employees and your business.
Confidently address the challenges of managing a defined-benefit plan, from funding pressures to reporting requirements to market volatility. We have experience serving about 1,500 plan sponsors and more than four million participants with nearly $80 billion in institutional retirement assets.
Our defined-benefit plan services include:
Connect your company's leaders with specialists who can customize strategies for their goals with:
Simplify the payroll process, help cultivate employee loyalty and much more with our variety of services, including:
Banking products and trust and fiduciary services are provided by Bank of America, N.A., and affiliated banks, Members FDIC.
Whether it's determining the right time and place for a project or getting that project off the ground, you have a dedicated community development team to guide you. Helping you achieve your goals with more than 30 years of experience and the nation's only bank-owned CDC.
"Bank of America Merrill Lynch" is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Equal Housing Lender . Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed.
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Banking and mortgage products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.
Investment products offered by Investment Banking Affiliates:
|Are Not FDIC Insured||Are Not Bank Guaranteed||May Lose Value|
Equal Housing Lender. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.
MLPF&S is a registered broker-dealer, registered investment advisor, Member SIPC and a wholly owned subsidiary of Bank of America Corporation.
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