Home >> News >> Origination >> Bank of America to Donate 1,000 Homes to Veterans
Print This Post Print This Post

Bank of America to Donate 1,000 Homes to Veterans

""Bank of America"":https://www.bankofamerica.com/ announced Friday that it's donating up to 1,000 properties for injured military veterans and first responders.


The properties will go to nonprofits and local government programs over a three-year period.


""This is an important expansion of our property donation and community revitalization initiatives and improves the inventory of homes these organizations focused on assisting our veterans and first responders need,"" said D. Steve Boland, national mortgage outreach executive for Bank of America, in a statement. ""We understand our responsibility to help neighborhoods impacted by foreclosure and property abandonment to recover.""

So far, more than two dozen homes have been donated through the program after two retired servicemembers received homes this week.

The two servicemembers were injured after serving in Operation Enduring Freedom. One veteran was based in Tucson, Arizona and received a three-bedroom, two-bath home through the Military Warriors Support Foundation.

In San Antonio, a servicemember who is a single father of 6-year-old quadruplets and a 10-year-old daughter received a BofA-donated home through Operation Homefront.

About Author: Esther Cho


Check Also

Expert Insights: Modernizing the Appraisal Process

Phil King of ServiceLink explains how the pandemic accelerated tech advancements in the appraisal space, as today’s appraiser joins the AI and machine learning revolution.

Subscribe to MDaily

MReport is here for you to stay on top of important developments in the mortgage marketplace. To begin receiving each day’s top news, market information, and breaking news updates, absolutely free of cost, simply enter your email address below.