Bank of America Announces 2019 Neighborhood Builders® Grants to Manna Food Center and National Housing Trust
Each non-profit to receive $200,000 grant
Bank of America has supported 32 Neighborhood Builders with $6.4 million in grants in Greater Washington DC since 2004
Washington, D.C. – 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
Bank of America is one of the world’s leading 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 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,400 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and 1,700 business centers; approximately 16,600 ATMs; and award-winning digital banking with nearly 38 million active users, including approximately 29 million mobile users. Bank of America is a global leader in wealth management, 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 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
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