Bank of America Relending Program with USDA by Bank of America

Bank of America is teaming up with the United States Department of Agriculture (USDA) to create a relending program that provides more than $400 million in long-term, low-cost financing for community development financial institutions (CDFIs).

The partnership will focus on promoting employment, education, health and housing outcomes for families of impoverished rural and Native American communities. It will be facilitated through the Uplift America Community Facilities Relending Program. Between, the construction of schools, health care centers, child care facilities and more, this program will give communities with limited infrastructure development and persistent poverty the opportunity to develop much needed services.