City Joins Forces With LISC, Bank of America to Help Homeowners
Mayor Mike Duggan joined city, community and nonprofit partners to unveil the Detroit 0% Interest Home Repair Loan Program, which will provide $8 million in financing for eligible homeowners looking to patch roofs, replace windows, upgrade plumbing and address structural or safety issues.The program is a city-led partnership with the Local Initiatives Support Corp. (LISC) and Bank of America. It is designed to help homeowners fix deteriorating properties and help eliminate blight — all whilemore...
$1 Million Grant Will Enable Families in Need to Access “Microloans”
Bank of America today announced a $1 million grant to Water.org,
a global organization that provides innovative, community-led and
market-based solutions that change lives through safe water and
sanitation. The grant will empower 100,000 people in southern India to
obtain safe water and sanitation solutions, accelerating positive change
in their homes and communities. This will be achieved through a
Water.org program, WaterCredit, which enablesmore...
Bank of America Corporation today announced the Board of Directors
authorized a regular quarterly cash dividend of $18.125 per share on the
7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock,
Series L. The dividend is payable on April 30 to shareholders of record
as of April 1.
The board also authorized a regular quarterly cash dividend of $0.40625
per share on the 6.50 percent Non-Cumulative Preferred Stock, Series Ymore...