Contact: Winnie Chu, Director of Resource Development, 415-984-1472

Bank of America Awards $50,000 Grant to Chinatown Community Development Center for Affordable Housing

From left: Donna Chan, Chinatown CDC's Community Organizer; Anna Yee, Chinatown CDC's Deputy Director; Grace Gin, Chinatown CDC's Director of Resident Services; and Kelly Larkan, Bank of America’s Vice-President and Community Relations Manager of Global Marketing & Corporate Affairs.

SAN FRANCISCO, CA August 7, 2014 — Bank of America’s Vice-President and Community Relations Manager of Global Marketing & Corporate Affairs, Kelly Larkan, presented a grant check for $50,000 to Chinatown Community Development Center’s (Chinatown CDC) Deputy Director, Anna Yee, to help the organization develop and rehabilitate affordable housing for low income residents of San Francisco.

“Bank of America’s funding will help Chinatown CDC acquire, rehabilitate, and manage 577 units of public housing in Chinatown, formerly managed by the San Francisco Housing Authority. Taking ownership of these properties represents an extraordinary opportunity to preserve affordable housing and expand services to residents,” says Yee. “We greatly appreciate Bank of America’s support; they have been steady friends over the years,” added Yee.

“Bank of America is proud to support Chinatown CDC’s ongoing work to provide critical affordable housing for low income seniors and families, as well as important services that support its residents. We have a long-term commitment to supporting highly impactful local nonprofit developers like Chinatown CDC, which has received more than a half million dollars from the bank over recent years” says Larkan.

The mission of the Chinatown Community Development Center is to build community and enhance the quality of life for low-income residents of San Francisco's neighborhoods. Since its founding in 1977, Chinatown CDC has developed 24 affordable housing buildings, serving over 2,400 low-income seniors, formerly homeless adults, and families. Chinatown CDC builds affordable housing, develop grassroots leadership, and empower low-income residents and youth for civic engagement in San Francisco.

Chinatown CDC also works to ensure that Chinatown and surrounding neighborhoods retain a strong residential base, abundant social services, neighborhood-serving businesses, and cultural institutions by working in the areas of affordable housing, equitable transportation, creative open space, livable streets, and culturally sensitive economic development through leadership, education, partnerships, and stewardship of resources and assets.

Bank of America lends, invests and gives to help create economically vibrant communities that are better places in which to live and do business. In response to pressing challenges facing individuals and families across the country The Bank of America Charitable Foundation provides philanthropic support to address needs vital to the health of communities through a focus on preserving neighborhoods, educating the workforce for 21st century jobs and addressing basic human services, such as hunger.



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