The bank says its 2025 financing helped create more than 11,000 affordable units nationwide, reflecting how housing shortages are increasingly being treated as both an economic and public health issue.
Bank of America Community Development Banking says it provided $7.4 billion in debt and equity financing in 2025 to support affordable housing projects across the United States. The financing backed 87 developments in 68 cities across 21 states, representing more than 11,000 housing units intended for a wide range of residents, including families, seniors, veterans, and people experiencing homelessness. In an era when housing affordability has become a national pressure point, the scale of that investment highlights how private capital is increasingly being positioned as part of the solution.
The bank framed the announcement as a continuation of a longer effort, noting that since 2020 it has provided more than $42 billion in financing that helped create or preserve over 74,000 housing units in 335 cities across 40 states. While the numbers are large, they also underline the magnitude of the problem: even tens of thousands of units over several years barely register against the overall shortfall of affordable housing in many U.S. markets. Still, such commitments suggest that major financial institutions see affordable housing not as a niche sector, but as an essential piece of economic infrastructure.
One notable detail in Bank of America’s report is the emphasis on housing as a health-related issue, not just a financial one. In 2025, the bank financed 39 developments totaling 3,700 units that included a health care component, such as wellness education, primary care access, or supportive services. It also hosted an event in Boston focused on the intersection of health and housing, a theme it says will expand to additional cities in 2026.
This approach reflects a broader shift in how housing insecurity is being discussed by policymakers and community developers. Stable housing is increasingly treated as a prerequisite for better long-term outcomes, from mental health to employment stability. When housing is paired with services, the goal is not simply shelter, but reducing the downstream costs of instability that often fall on public systems.
Bank of America also pointed to $357 million in equity investments in 2025 aimed at workforce and middle-income housing, generally serving households earning up to 120% of area median income. The bank says these investments will create more than 3,400 additional units across several states, targeting regions where workforce housing shortages have become especially severe. Together, the figures reflect a growing recognition that the affordability crisis extends well beyond the lowest-income households—and that the middle of the market is increasingly strained as well.
