BofA Delivers $7.1 Billion in Financing to Build 11,000 Housing Units

According to a 2023 report by the Joint Center for Housing Studies at Harvard University, "millions of households are now priced out of homeownership, grappling with housing cost burdens, or lacking shelter altogether."   "The need for affordable housing continues to grow. However, affordable housing developers face the same macroeconomic headwinds challenging other industries – higher interest rates, inflation and supply chain issues," said Maria Barry, Community Development Banking national executive at B ...