Bank of America Corp. pledged $5 billion over the next five years to help customers in low- to moderate-income areas become homeowners.
The investment is in response to feedback from clients, says Steve Boland, head of consumer lending at Bank of America.
"This isn't a new focus. We have been a leader in lending to low- and moderate-income and to minority communities for many years," Boland said. "This $5 billion commitment represents an opportunity to potentially get 20,000 more people on the…
