RFP: Economic mobility focused on the needs of the community by addressing economic development and social progress

Bank of America Charitable Foundation

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Grant amount: Unspecified amount

Anticipated deadline: Jun 28, 2020

Applicant type: Nonprofit

Funding uses: General Operating Expense, Education / Outreach, Applied Project / Program

Location of project: District of Columbia, Idaho, Iowa, Maine, New Hampshire Show all

Location of residency: District of Columbia, Idaho, Iowa, Maine, New Hampshire Show all

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About this funder:



Economic mobility focused on the needs of the community by addressing economic development and social progress

We’re committed to supporting equitable solutions that will help vulnerable communities grow and prosper. The vibrancy and health of each community has a direct impact on the long-term success of its residents. That’s why we are addressing critical issues to ensure communities are resilient and poised for growth. This includes support for affordable housing, sustainable development, strong business corridors, the arts and environmental investments.

Expanding Access to Housing Opportunities

Access to affordable housing remains a significant challenge for many communities. That’s why we support the work of organizations as they work to preserve, and increase access to a mix of affordable housing options and connect individuals and families with the tools and resources to achieve their financial goals.


  • Organizations whose housing efforts address the needs of vulnerable populations (e.g. low and moderate income, homeless, elderly, formerly incarcerated) as they construct or preserve affordable single, multi-family, transitional and supportive housing
  • Organizations creating pathways to stable housing or homeownership through financial stability efforts such as homebuyer education, budgeting, savings, credit and credit repair including foreclosure prevention and loss mitigation
  • Organizations whose sustainable development efforts create healthy living environments through the pursuit of energy efficiency upgrades, retrofits, solar and other green building efforts

Building Vibrant Communities

Vibrant communities are essential to an individual’s overall economic mobility. For this reason, we support local and regional revitalization efforts taking a holistic approach to building thriving communities, create economic opportunity and livable neighborhoods. This includes support of economic drivers such as arts and cultural institutions that contribute to the overall vitality of the community.


  • Economic development efforts that promote small business growth and healthy commercial corridors
  • Revitalization initiatives that engage community stakeholders in the environmental health and economic growth of their communities (e.g. transit-oriented development as a means of connecting individuals to jobs, services, schools, and economic opportunity; neighborhood preservation to strengthen overall community health, safety and welfare)
  • Assisting the efforts of organizations working in Qualified Opportunity Zones creating job opportunities and other essential services to the community and its residents.
  • Strengthening the resiliency of communities through the initiatives that support local plans to prepare, withstand and recover from extreme weather events and the long-term impacts of climate change
  • Supporting community arts and cultural institutions that provide economic opportunity and contribute to the vitality and livability of communities
  • Supporting community greening efforts that create healthy neighborhoods and environmental sustainability through the preservation, creation or restoration of open space, parks and community gardens

You can learn more about this opportunity by visiting the funder's website.


  • To be considered for a local grant, your organization:
    • Must be tax-exempt under section 501(c)(3) of the Internal Revenue Code and not classified as a private foundation
    • Must be based and serve communities in these markets
    • Should be aligned with our funding priorities of community development, education and workforce development and critical needs.


  • The following organizations are not eligible for funding:
    • Organizations that deny service to a potential client or beneficiary on the basis of race, religion, color, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, veteran, or disability status
    • Individuals, including those seeking scholarships or fellowship assistance
    • Political, labor, fraternal organizations, or civic clubs
    • Religious organizations (for example, churches and synagogues).
      • Some secular community service programs such as soup kitchens, shelters for the homeless, and job banks are eligible, even when sponsored by religious groups.
    • Individual pre-K-12 schools (public or private)
    • Sports, athletic events, or athletic programs
    • Travel-related events, including student trips or tours
    • Development or production of books, films, videos, or television programs
    • Memorial campaigns