Bofa Puts $6.1b in I.E.

Summary


Bank of America has invested $6.1 billion in the Inland Empire in the past year for low to moderate income projects, single-family home loans, loan modifications and other financial efforts, said Al Arguello, the bank's Inland Empire marketing president.

He said a major unit under development in Rancho Cucamonga is "intended for families at or below 40 percent of the median income."

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Extract


Bofa Puts $6.1b in I.E.

The investments are part of a $1.5trillion community development g...

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