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Bank of America Partners With HomeAid America, Inc. to Transform the Lives of the Temporarily Homeless

Bank of America Partners With HomeAid America, Inc. to Transform the Lives of the Temporarily Homeless

Published 01-14-05

Submitted by Bank of America Corporation

COSTA MESA, CA - HomeAid America today announced a $100,000 grant and $50,000 sponsorship from Bank of America, the leading financial services provider in the country. The $100,000 Bank of America Charitable Foundation grant will be used to support HomeAid's operations, while the sponsorship will be leveraged to expand HomeAid's reach into new communities around the country.

"HomeAid works closely with homebuilders and industry suppliers to address the critical need for transitional housing in our communities," said Bob Johnson, Bank of America Home Builder executive. "We are pleased to contribute both funds and the leadership of our associates to improve the lives of the temporarily homeless."

"We are extremely proud and grateful to have entered into a partnership with one of the country's premier financial institutions," said Genette Eaton, chief executive officer of HomeAid America. "Bank of America's history of philanthropy makes them a great match for HomeAid. Together, we can help thousands of individuals who need a second chance in life."

Home Aid America
HomeAid America was established in 1989 as a non-profit organization by the Building Industry Association of Southern California, an affiliate of the National Association of Home Builders, and stands as the nation's largest provider of shelter beds for the temporarily homeless. With building hope and homes for the temporarily homeless as its mission, through 22 chapters in 11 states, the HomeAid program has completed 101 shelter projects nationwide with another 38 projects currently in development. HomeAid has raised more than $40 million in cash and in-kind contributions through the efforts of more than 7,500 companies and 35,000 volunteers. The effort has helped more than 20,000 temporarily homeless men, women and children. For more information call 714/662-6822 or visit www.homeaid.org

Bank of America
Bank of America is one of the world's largest 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 33 million consumer relationships with more than 5,800 retail banking offices, more than 16,500 ATMs and award-winning online banking with more than eleven million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 150 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 85 percent of the Global Fortune 500. Bank of America Corporation stock (ticker: BAC) is listed on the New York Stock Exchange.

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