Program Provides $400k in Grants & Leadership Training to Expand Critical Services Locally
(CHARLOTTE, NC) DECEMBER 18, 2025 – Bank of America has named Prospera and Supportive Housing Communities as its 2025 Neighborhood Builders® for their work to advance economic opportunity and address the region’s unhoused population. Bank of America’s signature Neighborhood Builders program continues to be one of the nation’s largest philanthropic investments into nonprofit leadership development, while providing unique multiyear flexible funding annually to high-impact nonprofits in communities nationwide.
Specifically, both Charlotte nonprofits are each awarded a $200,000 grant over two years, comprehensive leadership training for the organization’s executive director and an emerging leader, and access to a national network of nonprofit peers. Since the program’s inception, 36 nonprofits have been selected as Neighborhood Builders in Charlotte, with the bank investing nearly $9 million in philanthropic capital into these nonprofits.
“Our local nonprofits are crucial to addressing local challenges in Charlotte,” said Kieth Cockrell, president, Bank of America Charlotte. “Through flexible funding and comprehensive leadership training, the Neighborhood Builders program helps nonprofits address critical needs and promote economic opportunity for the individuals and families in our communities.”
Prospera works to achieve community prosperity and create positive impacts on North Carolina’s economy through support for small businesses and entrepreneurship. This new grant funding will be used by Prospera to offer bilingual services free of charge to small business owners and aspiring entrepreneurs, including training, individual business consulting services, and guidance related to capital and procurement readiness.
“We are honored and grateful to be recognized as a 2025 Bank of America Neighborhood Builder, not just for the generous financial contribution but also the capacity building, leadership training, and visibility that come with the award,” said Augusto Sanabria, Prospera president & CEO. “There are many nonprofit organizations doing great work in the region, and we are humbled to be one of two recipients this year. As we approach our 10th anniversary in Charlotte, we will leverage this incredible gift from Bank of America to enhance our organization, sustain our mission, and increase our economic impact in North Carolina.”
Supportive Housing Communities (SHC) provides permanent, affordable housing and wraparound services to individuals and families experiencing chronic homelessness in Charlotte. This grant funding will strengthen SHC’s capacity to provide supportive housing at McCreesh Place and in privately-owned rentals throughout Charlotte. Each household is supported by a case manager, has access to life skills training, and is connected to essential services, including healthcare, childcare, transportation, and employment assistance.
“Our neighbors deserve the stability and dignity that come with having a safe place to call home,” said Laura Caldwell, CEO, Supportive Housing Communities. “This funding strengthens our ability to stand alongside families and individuals who have faced the toughest circumstances and help them rebuild their lives. We are grateful for partners who believe in this work and who share our commitment to making homelessness rare, brief, and nonrecurring in Charlotte.”
Neighborhood Builders is part of the bank’s longstanding efforts to build thriving communities by addressing issues fundamental to economic opportunity. Since 2004, Bank of America’s Neighborhood Builders program has invested more than $346 million in communities across the U.S. and trained more than 4,000 leaders at nearly 2,000 U.S. nonprofits.
Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million consumer and small business clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
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