New Jersey Herald

Bank Of America Announces Grants

New Jersey Herald — Monday, September 24, 2012

CRANFORD — The Bank of America Charitable Foundation is awarding approximately $615,000 in grants to New Jersey nonprofits that provide services, including building and rehabbing of affordable housing, homeowner counseling and foreclosure prevention programs. The funds are part of a recently announced $22 million in housing-related grants that will impact low- and moderate income communities in 34 states.

"Building capacity for nonprofit partners is a critical step as we continue to address the impacts of the housing crisis, here in New Jersey and across the country," said Bob Doherty, New Jersey president, Bank of America. "Having partnered with these grant recipients in the past, we know firsthand how effective they can be."

The New Jersey organizations that are receiving grants include: Affordable Housing Alliance (Eatontown), Community Hope Inc. (Parsippany), Cooper's Ferry Partnership (Camden), Habitat for Humanity (Burlington and Morris Counties, Newark, Paterson and Trenton), Housing and Community Development Network of NJ (Trenton), New Jersey Citizen Action Education Fund (Newark), New Jersey Community Capital (New Brunswick) and New Jersey Community Development Corporation (Paterson).

"Support from partners like Bank of America enables New Jersey Citizen Action to provide critical financial education programming," said Phyllis Salowe-Kaye, New Jersey Citizen Action executive director. "This grant will help promote neighborhood stabilization through homeownership preparation, foreclosure prevention and financial education, and provide other assistance to those who need it most."

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