|
Community Lending
Our lending performance exhibits an outstanding level of commitment to meeting the credit needs of the communities we serve.
- In 2008, our Community Development lending totaled $731 million.
- In 2007, our Community Development lending totaled $499 million.
- From 1997 though 2005, the U.S. Small Business Administration consistently ranked BB&T in first or second place as the most small business friendly bank in America.
Community Investments
BB&T works diligently with government agencies, tax-credit syndicates, and non-profits to seek investment and charitable contribution opportunities. Our annual investments include Low-Income Housing Tax Credits (LIHTC) and Historic Rehabilitation Tax Credits (HTC). The majority of our investments are for multifamily rental projects.
BB&T tax credit investment totals are as follows:
| 2007 |
$376,270,776 |
| 2008 |
$155,700,000 |
| 2009 |
Estimated $121,000,000 |
Community Development Corporations
To help Community Development Corporations and other community-based service organizations become self-sustaining in their endeavors, BB&T has partnered with the National Development Council to establish our Capacity Building Program. Please click here to learn more.
BB&T employees have also provided community development services to organizations such as:
- Georgia Affordable Housing Corporation
- Maryland Economic Development Assistance Authority and Fund
- Housing Partnership of Winston-Salem/Forsyth County, Inc.
- Community Investment Corporation of the Carolinas
- Coalition for Nonprofit Housing and Economic Development
|
