CHARLOTTE, NC – May 27, 2010 – (RealEstateRama) — Bank of America today released the first-year results of its 10-year, $1.5 trillion community development goal to lend and invest in underserved communities. Initiated in 2009 as the largest community development goal ever established by a U.S. financial institution, Bank of America provided $168.2 billion in community development lending and investments primarily benefitting low- and moderate-income (LMI) communities and minority customers in the first year. This result exceeded annual expectations despite adverse economic conditions, and translates, on average, to nearly $667 million every business day throughout the past year.
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