The Bank of America Charitable Foundation announced $849,000 in community development grants to 18 nonprofits in Delaware to help individuals and families achieve and sustain financial stability. This is in addition to the $875,000 announced in July for local workforce development and education needs.
The investment will help improve access to affordable housing, preserve neighborhoods, provide financial education and coaching for future homeowners, and support organizations and initiatives that contribute to the success of local communities.
“We’re working with community partners to help connect individuals and families to affordable housing as a first step toward long-term financial stability,” said Chip Rossi, Delaware market president for Bank of America.
The Delaware nonprofits receiving grants include:
– Delaware Financial Literacy Institute, which will use the funding to support the Money School.
– Habitat for Humanity of New Castle County, which will use the funding to support the next phase of the Neighborhood Revitalization Initiative (NRI) Program focused in the Prices Run community of northeast Wilmington.
– Wilmington Renaissance Corporation will use the funding to support the Artist Live/Work Initiative (ALWI). The initiative will integrate arts and culture into comprehensive community revitalization efforts by constructing 50 artist live/work spaces.
The Bank of America Charitable Foundation is also awarding grants to: Cornerstone West, Delaware Art Museum, Delaware Children’s Museum, Delaware Community Reinvestment Action Council, Delaware Housing Coalition, Downtown Visions Mainstreet Wilmington Program, Interfaith Community Housing of Delaware, Inter-Neighborhood Foundation of Wilmington, Milford Housing Development Corporation, National Council on Agricultural Life and Labor Research Fund, Nehemiah Gateway Community Development Corporation, Neighborhood House, the Nemours Foundation, The Grand Opera House, and the Wilmington Housing Partnership.
