Applications Open for Economic Mobility focused on Needs of Community

The Bank of America Charitable Foundation is inviting applications for Economic Mobility focused on Needs of Community.

Donor Name: Bank of America Charitable Foundation

State: All States

County: All Counties

Type of Grant: Grant

Deadline (mm/dd/yyyy): 06/24/2022

Details:

Economic Mobility focused on needs of community:

• Affordable Housing
  • The current environment has underscored the importance of safe, decent housing for an individual’s overall well-being, including health, educational success and future employment opportunities.
    • Examples:
      • Housing development for vulnerable populations through the construction or preservation of affordable single, multi-family, transitional and supportive housing.
      • Minority homeownership programs
      • Pathways to stable housing or homeownership through financial habits and stability efforts such as homebuyer education, budgeting, savings, and credit counseling including eviction and foreclosure prevention.
      • Sustainable development efforts creating healthy living environments through energy efficiency upgrades, retrofits, solar and other green building efforts.
• Small Business
  • Small Businesses play an important role in the overall health of the nation’s economy. In response to the challenges small business owners face in today’s environment, they are supporting nonprofits assisting entrepreneurs especially minority and indigenous owned, as they address their short term needs and strengthen their overall recovery.
    • Examples:
      • Technical assistance supporting business planning (short and long term).
      • Operational capacity of CDFIs delivering essential growth capital to entrepreneurs.
      • Supporting organizations assisting minority-owned small businesses.
      • Creating business incubators and accelerators that provide mentorships, resources, and networks entrepreneurs need to launch, fund and grow their businesses.
      • Assisting economic development efforts that promote small business growth and healthy commercial corridors. (e.g. Mainstreet).
• Neighborhood Revitalization
  • Vibrant communities are places where individuals can thrive and succeed and have the opportunity to live and work with safe, decent housing, transportation to jobs, strong business corridors and thriving arts and culture districts.
    • Examples:
      • Revitalization, preservation, and stabilization initiatives that engage community stakeholders in building livable communities.
      • Transit-oriented development efforts that connect individuals to jobs, services, schools, and economic opportunity.
      • Community arts and cultural institutions that provide economic opportunity and contribute to the vitality and livability of communities.
      • Resiliency of communities supporting short and long term plans to prepare, withstand and recover from extreme weather events and the long-term impacts of climate change.
      • Environmental efforts through the preservation, creation or restoration of open space, parks and community gardens.
      • Supporting organizations/initiatives that bring energy efficiency and renewable energy advances to LMI/BIPOC communities.

Eligibility Criteria

To be considered for a local grant, your organization:

• Must be tax-exempt under section 501(c)(3) of the Internal Revenue Code and not classified as a private foundation
• Must be based and serve communities in these markets
• Should be aligned with the funding priorities of community development, education and workforce development and critical needs.

For more information, visit Bank of America Charitable Foundation.