November 21, 2022
Bank of America Names Heading Home and Jeremiah Program 2022 Neighborhood Builders®
Program Provides $200,000 in Flexible Funding to Each Organization and Leadership Development Training to Advance Economic Mobility in Greater Boston
BOSTON – Heading Home and Jeremiah Program have been named as the 2022 Bank of America Neighborhood Builders® awardees for their work in the Greater Boston community removing economic barriers and advancing economic opportunity.
Each organization receives a $200,000 grant over two years, comprehensive leadership training for the executive director and an emerging leader on topics ranging from increasing financial sustainability, human capital management and strategic storytelling, joins a network of peer organizations across the U.S., and gets the opportunity to access capital to expand their impact. The program continues to be the nation’s largest investment into nonprofit leadership development.
“Nonprofits like Heading Home and Jeremiah Program are the backbone of our local community. They are on the ground working closely with individuals, families and the community to develop programs and services that will help alleviate or eliminate barriers to economic opportunity and stability,” said Miceal Chamberlain, President, Bank of America Massachusetts. “It’s important that we direct not only capital, but the necessary resources and training to help position these nonprofits for long-term success so they can continue to make a positive impact.”
Heading Home is one of Boston’s leading providers of emergency shelter, transitional and permanent housing for low-income families and individuals. They will use their grant funding to integrate former Casa Nueva Vida programs and 125 families, a smaller homeless shelter serving primarily Spanish-speaking families in Boston and Lawrence, with existing Heading Home programs.
“Heading Home is honored to be selected as one of Bank of America’s Neighborhood Builders program awardees. Through this transformational funding and resource dedication, our impact as a leader in ending homelessness will be enhanced. Specifically, we look forward to Bank of America’s thought leadership on management development as a key component of the integration of former Casa Nueva Vida programs, staff, and families into Heading Home,” said Danielle Ferrier, CEO, Heading Home.
Jeremiah Program (JP) is a national organization disrupting the cycle of poverty for single mothers and their children and challenging systemic barriers that impede social and economic mobility. They will use their grant funding to hire additional staff who can deepen JP Boston’s college and corporate partnerships and expand services to women and children that support their academic and social development.
“JP Boston works to fuel economic and educational access for moms—driving college persistence through personalized coaching, women-led community building and advocacy, as well as resources to support their children’s success,” said Alison Carter Marlow, Executive Director of Jeremiah Program Boston. “This incredible award from Bank of America will allow JP to deepen its partnerships and expand its reach to serve more families, who can continue to break through economic barriers, pursue their aspirations and thrive.”
In Greater Boston, 38 nonprofits have been selected as Neighborhood Builders since 2004, with the bank investing $7.4 million into these local organizations.
The invitation-only program is highly competitive, and organizations are selected by a committee comprised of community leaders and past Neighborhood Builders honorees. Through 2021, Bank of America has invested over $280 million in 50 communities through Neighborhood Builders, partnering with more than 1,400 nonprofits and helping more than 2,800 nonprofit leaders strengthen their leadership skills. Neighborhood Builders is just one example of how Bank of America deploys capital in communities, builds cross-sector partnerships, and promotes socioeconomic progress as part of its approach to responsible growth.
Bank of America Environmental, Social and Governance
At Bank of America (NYSE: BAC), we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).
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