Bank invests millions in New Mexico nonprofits

More than $2.5 million is going to two New Mexico-based nonprofits.

On Thursday, Birmingham, Alabama-based BBVA Compass gathered clients and other leaders from Homewise Inc. and the New Mexico Community Development Loan Fund to announce it was going to invest $2.8 million to the two organizations.

Homewise will receive $2.3 million, while The Loan Fund will get $500,000. According to BBVA spokeswoman Kimberly Tabor, Homewise plans to use the funds to offer more people a path to homeownership,…

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