2019 Neighborhood Builders® Grants Announced by Bank of America

PRESS RELEASE

Washington, D.C. (October 22, 2019)– Due to their demonstrated commitment to improving economic mobility in the communities they serve, a pair of Greater Washington non-profit organizations — Manna Food Center of Montgomery County, Md. and National Housing Trust (NHT) of Washington, D.C. — have been named Bank of America's 2019 Neighborhood Builders®. Each organization will receive a $200,000 grant as part of the Bank of America Neighborhood Builders program.

In addition to monetary grants, each non-profit also will receive leadership training for a designated executive and emerging leader, and the opportunity to access capital for further expansion of their social impact.

Manna Food Center provides food to more than 34,000 individuals every year, and helps distribute rescued food to soup kitchens, food pantries and emergency shelters. Serving Montgomery County residents since 1983, Manna's mission includes supplying healthy food choices and providing education on proper nutrition. Manna Food Center offers mobile and pop-up kitchen services with the organization's fully equipped retro-fitted school bus they lovingly call "Manny."

"We are delighted to receive this important Neighborhood Builders grant from Bank of America, and we look forward to putting it to great use to achieve Food for All in Montgomery County by reaching 10,000 more neighbors," said Manna Food Center CEO Jackie DeCarlo.

The National Housing Trust preserves, improves and maintains affordable housing so that low-income families can live in quality neighborhoods with access to opportunity. Through public policy advocacy, real estate development, lending and energy solutions, NHT has preserved more than 36,000 affordable homes in all 50 states and currently owns 35 affordable-housing properties nationwide, including 10 in the District, two in Arlington, Va., and one in Vienna, Va.

"This Neighborhood Builders award enables NHT to generate even more of a positive impact in affordable housing throughout the National Capital area. Headquartered in D.C. and surrounded by the largest concentration of communities in our portfolio, we're pleased to put this capital from Bank of America toward the best possible use: improving housing options for families right here in the District," said Priya Jayachandran, president of National Housing Trust.

"Bank of America is helping drive economic mobility in the D/M/V and one of the ways we're doing that is through the partnership with our Neighborhood Builders," said Larry Di Rita, Market President for Greater Washington D.C., Bank of America. "We're proud to associate with Manna and NHT, and help them continue the important work they are doing."

Bank of America's presence in the Greater Washington DC market extends back more than 200 years. The Neighborhood Builders program is in its 16th year, and through it, Bank of America has partnered with 32 Washington, D.C., area nonprofits and has provided $6.4 million in grants since 2004.

Bank of America
At Bank of America, we're guided by a common purpose to help make financial lives better, through the power of every connection. We're delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It's demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).

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Reporters May Contact:
Andy Aldridge, Bank of America, 1.980.387.0514
andrew.aldridge@bofa.com