{"success":true,"data":{"pressRelease":{"id":"48111","rtpr_id":"nPn9WSPmja","ticker":"BAC","exchange":"NYSE","all_tickers":["BAC"],"title":"Bank of America Community Homeownership Commitment Delivers Over $15 Billion in Affordable Home Loans and Grants","author":"PR Newswire","published_at":"2026-05-28T13:01:25.933Z","article_body":"Bank of America Community Homeownership Commitment Delivers Over $15 Billion in Affordable Home Loans and Grants\n\nPR Newswire\n\nCHARLOTTE, N.C., May 28, 2026\n\nProgram will become a standing commitment, continuing to help individuals and\nfamilies overcome barriers to homeownership amid persistent affordability\nchallenges\n\nKey points\n\n * Bank of America is continuing its Community Homeownership Commitment after\ndelivering more than $15 billion in affordable home loans since 2019.\n * The program has supported more than 57,000 homebuyers and provided over $600\nmillion in down payment and closing cost grants nationwide.\n * Through CHC, consumers can continue to access non-repayable grants, affordable\nlending solutions and free education resources to address affordability\nchallenges in today's housing market.\nCHARLOTTE, N.C., May 28, 2026 /PRNewswire/ -- Bank of America announced today\nthat its Community Homeownership Commitment will remain in place following the\nsuccessful delivery of more than $15 billion in affordable home loans,\nincluding over $600 million in down payment and closing cost grants, to 57,000\nhomebuyers across communities nationwide. This multi-year initiative, launched\nin 2019, has expanded access to affordable and sustainable homeownership.\n\n\"Affordability remains one of the biggest barriers to homeownership today,\"\nsaid Matt Vernon, head of Consumer Lending at Bank of America. \"Continuing\nthis commitment reflects years of focused work to help more people move from\naspiration to ownership through responsible lending and targeted solutions,\nwhile recognizing that the challenges in today's housing market are ongoing.\"\n\nThe Community Homeownership Commitment\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4698033-1&h=2740181486&u=https%3A%2F%2Fpromotions.bankofamerica.com%2Fhomeloans%2Fhomeowner%3FsubCampCode%3D41470%26dmcode%3D18099675250%26cm_mmc%3DCRE-Multiproduct-_-Google-PS-_-Bank_of_America_affordable_loan_solution-_-Brand_Grant__675250%26gclsrc%3Daw.ds%26gad_source%3D1%26gad_campaignid%3D22468780974%26gbraid%3D0AAAAACr62KbTBUU33GHgf_foOldAJJjyd%26gclid%3DEAIaIQobChMI2JiQk4mskgMVcXhHAR1PhS7BEAAYASAAEgJcaPD_BwE&a=Community+Homeownership+Commitment)\nreinforces Bank of America's long‑standing effort to help people access\nsustainable homeownership by reducing upfront costs in markets where\naffordability pressures have intensified. It includes affordable mortgage\nproducts, non-repayable grants, financial education resources and access to\ndedicated lending professionals and community partners.\n\nThe program offers:\n\n * A down payment grant of up to $10,000 (or 3% of home purchase price, whichever\nis less) to help eligible buyers address one of the biggest barriers to\nhomeownership in select areas.\n * Up to $7,500 through America's Home Grant®, which can be applied toward\neligible non‑recurring closing costs — such as title insurance and\nrecording fees — or used to permanently buy down the interest rate.\n * Low‑down‑payment mortgage options designed for low- to moderate‑income\nborrowers and first‑time homebuyers.\nAs a key part of the program, Bank of America partners with more than 300\nnonprofit, HUD-certified housing counseling organizations nationwide to\nprovide homebuyer education and preparation. The bank collaborates with\nstrategic trade partners to engage real estate professionals in supporting\nmodest income and first-time buyers. Additionally, we work with hundreds of\ncommunity down payment assistance programs, housing choice voucher programs\nand grant providers to help buyers maximize available resources for\nhomebuyers.\n\nFrequently asked questions\n\nQuestion: Are you re‑committing to another $15 billion in loans and grants?\nAnswer: We have not set a new, specific dollar target for the bank. Rather,\nhaving achieved the $15 billion goal established in 2019, we have decided to\ncontinue the program and its solutions because affordability remains a\nsignificant challenge for many prospective homeowners in today's housing\nmarket.\n\nQuestion: Is the program running indefinitely now?\nAnswer: Yes, as the program has helped address barriers to homeownership over\nthe past several years, today's environment—marked by rising housing costs,\nhigher interest rates, and limited housing supply—continues to create\nchallenges for individuals and families. Our Community Homeownership\nCommitment is now an ongoing program, allowing us to build on what has worked\nand remain responsive to ongoing affordability pressures in many communities.\n\nQuestion: Will the program continue to offer the same benefits?\nAnswer: Yes. The program will continue to offer down payment and closing cost\ngrants, low‑down‑payment mortgage options, financial education, and access\nto dedicated lending specialists and community partners. These tools are\ndesigned to help more people responsibly achieve sustainable homeownership in\nmarkets where affordability challenges persist.\n\nBank of America\n\nBank of America is one of the world's leading financial institutions, serving\nindividual consumers, small and middle-market businesses and large\ncorporations with a full range of banking, investing, asset management and\nother financial and risk management products and services. The company\nprovides unmatched convenience in the United States, serving nearly 70 million\nclients with approximately 3,500 retail financial centers, approximately\n15,000 ATMs (automated teller machines) and award-winning digital banking with\napproximately 59 million verified digital users. Bank of America is a global\nleader in wealth management, corporate and investment banking and trading\nacross a broad range of asset classes, serving corporations, governments,\ninstitutions and individuals around the world. As the #1 small business lender\nin the United States (FDIC), Bank of America offers industry leading support\nto approximately 4 million small business households through a suite of\ninnovative, easy-to-use online products and services. The company serves\nclients through operations across the United States, its territories and more\nthan 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on\nthe New York Stock Exchange.\n\nFor more Bank of America news, including dividend announcements and other\nimportant information, visit the Bank of America newsroom\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4698033-1&h=4122344529&u=http%3A%2F%2Fnewsroom.bankofamerica.com%2F&a=Bank+of+America+newsroom)\nand register for news email alerts\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4698033-1&h=3093842189&u=https%3A%2F%2Fnewsroom.bankofamerica.com%2Fcontent%2Fnewsroom%2Femail-subscription-form.html&a=register+for+news+email+alerts)\n.\n\nReporters may contact\n\nSusan Atran, Bank of America\nPhone: 1. 646-599-3300\nsusan.atran@bofa.com (mailto:susan.atran@bofa.com)\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/bank-of-america-community-homeownership-commitment-delivers-over-15-billion-in-affordable-home-loans-and-grants-302784290.html\n(https://www.prnewswire.com/news-releases/bank-of-america-community-homeownership-commitment-delivers-over-15-billion-in-affordable-home-loans-and-grants-302784290.html)\n\nSOURCE Bank of America Corporation\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS970893/Bank_of_America_Corporation_Logo.jpg?id=OA2643025\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn9WSPmja","title":"Bank of America Community Homeownership Commitment Delivers Over $15 Billion in Affordable Home Loans and Grants","author":"PR Newswire","ticker":"BAC","created":"2026-05-28T13:01:25.933Z","tickers":["BAC"],"exchange":"NYSE","article_body":"Bank of America Community Homeownership Commitment Delivers Over $15 Billion in Affordable Home Loans and Grants\n\nPR Newswire\n\nCHARLOTTE, N.C., May 28, 2026\n\nProgram will become a standing commitment, continuing to help individuals and\nfamilies overcome barriers to homeownership amid persistent affordability\nchallenges\n\nKey points\n\n * Bank of America is continuing its Community Homeownership Commitment after\ndelivering more than $15 billion in affordable home loans since 2019.\n * The program has supported more than 57,000 homebuyers and provided over $600\nmillion in down payment and closing cost grants nationwide.\n * Through CHC, consumers can continue to access non-repayable grants, affordable\nlending solutions and free education resources to address affordability\nchallenges in today's housing market.\nCHARLOTTE, N.C., May 28, 2026 /PRNewswire/ -- Bank of America announced today\nthat its Community Homeownership Commitment will remain in place following the\nsuccessful delivery of more than $15 billion in affordable home loans,\nincluding over $600 million in down payment and closing cost grants, to 57,000\nhomebuyers across communities nationwide. This multi-year initiative, launched\nin 2019, has expanded access to affordable and sustainable homeownership.\n\n\"Affordability remains one of the biggest barriers to homeownership today,\"\nsaid Matt Vernon, head of Consumer Lending at Bank of America. \"Continuing\nthis commitment reflects years of focused work to help more people move from\naspiration to ownership through responsible lending and targeted solutions,\nwhile recognizing that the challenges in today's housing market are ongoing.\"\n\nThe Community Homeownership Commitment\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4698033-1&h=2740181486&u=https%3A%2F%2Fpromotions.bankofamerica.com%2Fhomeloans%2Fhomeowner%3FsubCampCode%3D41470%26dmcode%3D18099675250%26cm_mmc%3DCRE-Multiproduct-_-Google-PS-_-Bank_of_America_affordable_loan_solution-_-Brand_Grant__675250%26gclsrc%3Daw.ds%26gad_source%3D1%26gad_campaignid%3D22468780974%26gbraid%3D0AAAAACr62KbTBUU33GHgf_foOldAJJjyd%26gclid%3DEAIaIQobChMI2JiQk4mskgMVcXhHAR1PhS7BEAAYASAAEgJcaPD_BwE&a=Community+Homeownership+Commitment)\nreinforces Bank of America's long‑standing effort to help people access\nsustainable homeownership by reducing upfront costs in markets where\naffordability pressures have intensified. It includes affordable mortgage\nproducts, non-repayable grants, financial education resources and access to\ndedicated lending professionals and community partners.\n\nThe program offers:\n\n * A down payment grant of up to $10,000 (or 3% of home purchase price, whichever\nis less) to help eligible buyers address one of the biggest barriers to\nhomeownership in select areas.\n * Up to $7,500 through America's Home Grant®, which can be applied toward\neligible non‑recurring closing costs — such as title insurance and\nrecording fees — or used to permanently buy down the interest rate.\n * Low‑down‑payment mortgage options designed for low- to moderate‑income\nborrowers and first‑time homebuyers.\nAs a key part of the program, Bank of America partners with more than 300\nnonprofit, HUD-certified housing counseling organizations nationwide to\nprovide homebuyer education and preparation. The bank collaborates with\nstrategic trade partners to engage real estate professionals in supporting\nmodest income and first-time buyers. Additionally, we work with hundreds of\ncommunity down payment assistance programs, housing choice voucher programs\nand grant providers to help buyers maximize available resources for\nhomebuyers.\n\nFrequently asked questions\n\nQuestion: Are you re‑committing to another $15 billion in loans and grants?\nAnswer: We have not set a new, specific dollar target for the bank. Rather,\nhaving achieved the $15 billion goal established in 2019, we have decided to\ncontinue the program and its solutions because affordability remains a\nsignificant challenge for many prospective homeowners in today's housing\nmarket.\n\nQuestion: Is the program running indefinitely now?\nAnswer: Yes, as the program has helped address barriers to homeownership over\nthe past several years, today's environment—marked by rising housing costs,\nhigher interest rates, and limited housing supply—continues to create\nchallenges for individuals and families. Our Community Homeownership\nCommitment is now an ongoing program, allowing us to build on what has worked\nand remain responsive to ongoing affordability pressures in many communities.\n\nQuestion: Will the program continue to offer the same benefits?\nAnswer: Yes. The program will continue to offer down payment and closing cost\ngrants, low‑down‑payment mortgage options, financial education, and access\nto dedicated lending specialists and community partners. These tools are\ndesigned to help more people responsibly achieve sustainable homeownership in\nmarkets where affordability challenges persist.\n\nBank of America\n\nBank of America is one of the world's leading financial institutions, serving\nindividual consumers, small and middle-market businesses and large\ncorporations with a full range of banking, investing, asset management and\nother financial and risk management products and services. The company\nprovides unmatched convenience in the United States, serving nearly 70 million\nclients with approximately 3,500 retail financial centers, approximately\n15,000 ATMs (automated teller machines) and award-winning digital banking with\napproximately 59 million verified digital users. Bank of America is a global\nleader in wealth management, corporate and investment banking and trading\nacross a broad range of asset classes, serving corporations, governments,\ninstitutions and individuals around the world. As the #1 small business lender\nin the United States (FDIC), Bank of America offers industry leading support\nto approximately 4 million small business households through a suite of\ninnovative, easy-to-use online products and services. The company serves\nclients through operations across the United States, its territories and more\nthan 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on\nthe New York Stock Exchange.\n\nFor more Bank of America news, including dividend announcements and other\nimportant information, visit the Bank of America newsroom\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4698033-1&h=4122344529&u=http%3A%2F%2Fnewsroom.bankofamerica.com%2F&a=Bank+of+America+newsroom)\nand register for news email alerts\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4698033-1&h=3093842189&u=https%3A%2F%2Fnewsroom.bankofamerica.com%2Fcontent%2Fnewsroom%2Femail-subscription-form.html&a=register+for+news+email+alerts)\n.\n\nReporters may contact\n\nSusan Atran, Bank of America\nPhone: 1. 646-599-3300\nsusan.atran@bofa.com (mailto:susan.atran@bofa.com)\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/bank-of-america-community-homeownership-commitment-delivers-over-15-billion-in-affordable-home-loans-and-grants-302784290.html\n(https://www.prnewswire.com/news-releases/bank-of-america-community-homeownership-commitment-delivers-over-15-billion-in-affordable-home-loans-and-grants-302784290.html)\n\nSOURCE Bank of America Corporation\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS970893/Bank_of_America_Corporation_Logo.jpg?id=OA2643025\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-28T13:01:25.977412679Z","server_sent_at_ms":1779973285977},"received_at":"2026-05-28T13:01:26.127Z","source_url":"https://www.prnewswire.com/news-releases/bank-of-america-community-homeownership-commitment-delivers-over-15-billion-in-affordable-home-loans-and-grants-302784290.html"},"analysis":{"id":"37544","press_release_id":"48111","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":[],"eventType":"operations_update","narrative":"Bank of America announced that its Community Homeownership Commitment, launched in 2019, will continue as a standing program after delivering over $15 billion in affordable home loans.\n\nThe initiative has supported more than 57,000 homebuyers and provided over $600 million in down payment and closing cost grants nationwide.\n\nThe program remains open indefinitely to address ongoing housing affordability challenges, offering grants of up to $10,000 for down payments and $7,500 for closing costs.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"CSR update: BAC extends community homeownership program indefinitely after hitting $15B milestone."},"keyFigures":{"customDimensions":{"homebuyers_supported":57000,"total_grants_provided":600000000,"total_loans_delivered":15000000000,"max_closing_cost_grant":7500,"max_down_payment_grant":10000}},"quotedText":"Continuing this commitment reflects years of focused work to help more people move from aspiration to ownership through responsible lending and targeted solutions, while recognizing that the challenges in today's housing market are ongoing.","namedEntities":{"people":[{"name":"Matt Vernon","role":"Head of Consumer Lending"},{"name":"Susan Atran","role":"Media Contact"}],"products":["Community Homeownership Commitment","America's Home Grant"],"companies":[{"name":"Bank of America","ticker":"BAC","relationship":"filer"},{"name":"HUD","relationship":"regulatory partner"}],"dollarAmounts":[{"amount":"$15 billion","context":"total affordable home loans delivered since 2019"},{"amount":"$600 million","context":"down payment and closing cost grants provided"},{"amount":"$10,000","context":"maximum down payment grant per buyer"},{"amount":"$7,500","context":"maximum closing cost grant via America's Home Grant"}]},"materialImpact":{"score":1,"reasoning":"This is a corporate social responsibility (CSR) and marketing update regarding a community lending program. It does not represent a new product launch, earnings beat, or material change in business strategy. The program was already active since 2019; this release simply confirms its continuation as a standing commitment."},"tickerRelevance":{"others":[],"primary":"BAC"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mega-cap","eventGravity":"low","sectorWeight":"high","householdBrandBoost":"high","retailFavoriteBoost":"low"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Bank of America announced that its Community Homeownership Commitment, launched in 2019, will continue as a standing program after delivering over $15 billion in affordable home loans.\n\nThe initiative has supported more than 57,000 homebuyers and provided over $600 million in down payment and closing cost grants nationwide.\n\nThe program remains open indefinitely to address ongoing housing affordability challenges, offering grants of up to $10,000 for down payments and $7,500 for closing costs.","key_figures":{"customDimensions":{"homebuyers_supported":57000,"total_grants_provided":600000000,"total_loans_delivered":15000000000,"max_closing_cost_grant":7500,"max_down_payment_grant":10000}},"named_entities":{"people":[{"name":"Matt Vernon","role":"Head of Consumer Lending"},{"name":"Susan Atran","role":"Media Contact"}],"products":["Community Homeownership Commitment","America's Home Grant"],"companies":[{"name":"Bank of America","ticker":"BAC","relationship":"filer"},{"name":"HUD","relationship":"regulatory partner"}],"dollarAmounts":[{"amount":"$15 billion","context":"total affordable home loans delivered since 2019"},{"amount":"$600 million","context":"down payment and closing cost grants provided"},{"amount":"$10,000","context":"maximum down payment grant per buyer"},{"amount":"$7,500","context":"maximum closing cost grant via America's Home Grant"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-28T13:12:18.680Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"mega-cap","eventGravity":"low","sectorWeight":"high","householdBrandBoost":"high","retailFavoriteBoost":"low"}},"durationMs":49140,"modelName":"george-droid-qwen-72b"}}