After testimonies from Virginia families affected by the forclosure crisis, Andrew Plepler from Bank of America Corporation (BAC) announced to a crowd of 800 from Virginians Organized for Interfaith Community Engagement (VOICE) the bank’s commitment to:
- Contribute $300,000 for non-profit housing counselors over 3 years;
- Work with VOICE to develop a credit restoration & new home loans initiative for families that lost their homes or are stuck in predatory mortgages; and
- Invest $5 million in loans to fund VOICE's 300-unit affordable housing pilot to rehabilitate blighted properties as well as make $15 million in loans to CDFIs to incentivize community development in Prince William.





