With new NoCo branches, Bank of America invests in affordable housing
FORT COLLINS — Bank of America NA (NYSE: BAC), which has pursued an aggressive growth strategy in the Boulder Valley and Northern Colorado over the past two-plus years, has pledged millions of dollars in financing for Fort Collins affordable-housing project.
The bank has committed $18.1 million in debt and $12.8 in equity financing for the development of Northfield Commons, Bank of America said in a news release.
Northfield Commons, which is set to include 84 units priced below-market for locals who earn less than 60% of the area median income (the AMI in the Fort Collins-Loveland metropolitan statistical area is…
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