BoA, Habitat Celebrate 20-Year Alliance

Bank of America and Habitat for Humanity International recently celebrated 20 years of partnership -- and a 2001 commitment to fund the construction of 120 houses in the United States and another 100 across the globe -- by building the 100th house in Charlotte, N.C., where the bank is headquartered.The 2001 project is named after former BoA chairman and chief executive officer Hugh McColl Jr. and is designed to provide "sweat equity"-based affordable housing. Since 2002, BoA has donated about $10 million to Habitat. In addition, over 20,000 BoA volunteers from across the country have donated time and effort to building the homes. Another goal, Habitat said, is to serve about 700 families in Charlotte by the end of the summer.

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