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Bank of America has received $45 billion in taxpayer TARP funds, and has slashed its dividend to a penny. Yet it is one of ACORN and its affiliates' biggest funders.
Our review of annual tax returns for the Bank of America Charitable Foundation, Inc. for the last three years (2006, 2007, 2008) found more than $3.6 million in grants to ACORN and its affiliates. Those grants include a grant of $2 million to ACORN Housing, Inc. last year, and direct grants to ACORN Housing, Inc. offices in Baltimore, Maryland and San Bernardino, California, the locations of undercover video stings.
On its website, ACORN Housing, Inc. describes its relationship with Bank of America as a partnership. The Bank of America website lists no less than 26 ACORN offices where:
Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing to provide special mortgage products to potential homeowners in NAME OF CITY.
THIS READS LIKE A WHOS WHOS IN THE WORLD OF TAXPAYER FUNDED LEFTIE GROUPS.
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Making Home Affordable
Helping homeowners
Community partners Community partnersOur community partners are another helpful resource for potential homebuyers. Explore your options below and see how you could get help through counseling, education, and other types of support.
ACORN Housing Corporation (AHC)
AHC provides one-on-one mortgage loan counseling, first-time homebuyer classes, and helps clients obtain affordable mortgages through unique lending partnerships.
http://www.acornhousing.org
Center for Community Self-Help (Self-Help)
This organization and its financing affiliates Self-Help Credit Union and Self-Help Ventures Fund provide financing, technical support, and advocacy for those left out of the economic mainstream.
Self-Help
Center for Responsible Lending
This nonprofit, nonpartisan research and policy affiliate of Self-Help is dedicated to eliminating abusive financial practices. Self-Help is one of the nations largest community development financial institutions.
Center for Responsible Lending
Consumer Credit Counseling of Atlanta
This full-service, nonprofit, financial counseling agency provides counseling 24 hours a day in all 50 states over the telephone and Internet in both English and Spanish.
Consumer Credit Counseling Service
National Coalition of Asian Pacific American Community Development
Members use innovative affordable housing, community development, organizing, and planning strategies to improve the wellbeing of Asian American/Pacific Islander communities and members.
National CAPACD | National Coalition for Asian Pacific American Community Development | Home
National Council of La Raza (NCLR)
La Raza is a private, nonprofit, and non-partisan organization focused on reducing poverty and discrimination, and improving opportunities for Hispanic Americans.
National Council of La Raza
National Foundation for Credit Counseling
A membership association of more than 100 nonprofit, community-based agencies that provide credit counseling at more than 900 local offices across the country.
National Foundation for Credit Counseling
National Urban League (NUL)
The Urban League works to promote economic self-reliance, parity, power, and civil rights for African Americans through education and empowerment. They are also a member of the Alliance for Stabilizing our Communities.
National Urban League
Neighborhood Assistance Corp of America (NACA)
NACA is a nonprofit community advocacy and HUD-certified counseling agency, which provides affordable mortgage solutions and works to fight predatory lending.
NACA
Operation HOPE, Inc.
A nonprofit, public benefit organization that works to create public/private partnerships, strategic alliances, economic tools and services, and other programs to economically empower low-income and minority people.
OperationHope.org - Home
