Funding Low-Income Home Renovations

Bank of America provided $8.6 million in financing to support a program in Chicago that included renovation of 160 apartments for low-income families. The apartments were built in 1983 and include senior housing. Improvements will include improved heating and air conditioning systems, upgrades of interiors, landscaping and repaving of the parking lot.

Copyright © 2005 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 15, No. 7, 7/05