PROVIDENCE – Two Rhode Island nonprofits have been recognized by Bank of America Corp. for their work around homelessness services and affordable housing, the company announced on Tuesday.
As recipients of the 2021 Bank of America Neighborhood Builders Awards, Sojourner House and Crossroads Rhode Island will each receive $200,000 grants over the next two years, along with executive leadership training and access to capital, the release stated.
Sojourner House is a Providence-based organization that offers services to domestic violence victims and their families, including housing. Crossroads Rhode Island helps homeless families find housing among other support services. Both will use the grants to expand their housing options for the people they serve, the release stated.
“As communities continue to recover and navigate a changing landscape, nonprofits are still experiencing significant demands and are in need of resources to help meet critical local needs like homelessness prevention and the creation of more affordable housing,” Kevin Tracy, president for Bank of America Rhode Island, said in a statement. “Sojourner House and Crossroads Rhode Island are helping bridge important gaps for individuals and families to help them chart a path toward economic opportunity and stability. Programs like Neighborhood Builders helps these organizations grow sustainably and strategically for greater positive impact in the community.”
The Neighborhood Builders program was started in 2004 and continues to serve as the largest national investment in nonprofit leadership development, the release stated. Since its beginning, the bank has invested more than $280 million through partnerships with more than 1,400 nonprofits nationwide. In Rhode Island, the bank has invested $4.6 million with grants to 23 nonprofits.
