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Bank of America extends homeownership program after $15B in affordable loans since 2019

Market News
28 May 2026
PRNewsWire
View Source
Bullish
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Bank of America announced it will continue its Community Homeownership Commitment program after successfully providing over $15 billion in affordable home loans and $600 million in grants to more than 57,000 homebuyers since 2019. The program offers down payment grants, affordable mortgage options, and homebuyer education to help overcome affordability challenges amid rising housing costs and limited supply. This ongoing commitment aims to support sustainable homeownership by addressing barriers such as upfront costs and providing access to dedicated lending professionals and community partners. The program will maintain its current benefits, including grants and financial education, to assist low- and moderate-income buyers and first-time homeowners.

More News (BAC)

Stock market not in a dot-com bubble, says Jim Cramer, citing lower valuations and strong earnings.

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