Facts & Resources

Bank of America to Donate 1,000 Properties for Injured Veterans, First Responders

Friday, August 24, 2012 9:00 am EDT



Public Company Information:

"We understand our responsibility to help neighborhoods impacted by foreclosure and property abandonment to recover."

Bank of America today announced a three-year commitment to make available up to 1,000 properties to nonprofit organizations and local government programs that provide homes for injured military veterans and first responders.

“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. “We understand our responsibility to help neighborhoods impacted by foreclosure and property abandonment to recover.”

The bank’s announcement was underscored this week when two retired servicemembers who were injured serving in Operation Enduring Freedom were presented with keys to their new homes.

In Tucson, Ariz., Eric Griego, his military veteran wife and 5-year-old daughter received the keys to their new three-bedroom, two-bath home, donated by Bank of America through the Military Warriors Support Foundation.

In San Antonio, Texas, Matthew Sheffel, a single father of a 10-year-old daughter and 6-year-old quadruplets who was living in a remote cabin, will move into a more suitable family-sized home. It’s a gift from Bank of America through Operation Homefront.

Already, more than two dozen homes have been donated under the program through the established relationships with these two organizations. Bank of America is in discussions with other non-profit groups serving military veterans to broaden the outreach. In addition, homes will be provided through property donations to affiliates of Habitat for Humanity and other affordable housing organizations.

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 56 million consumer and small business relationships with approximately 5,600 retail banking offices and approximately 16,200 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

For more Bank of America news, visit the Bank of America newsroom.


Reporters May Contact:
Dan Frahm, Rick Simon, Jumana Bauwens, Bank of America, 1.800.796.8448