BB&T works diligently with government agencies, tax-credit syndicates and nonprofits to seek investment and charitable contribution opportunities. Our corporate investments include Low-Income Housing Tax Credits (LIHTC), Historic Rehabilitation Tax Credits (HTC), Small Business Investment Company (SBIC), bonds and several other impactful offerings. The majority of our investments support affordable, multifamily rental projects.
BB&T Annual Investment Totals
Community Development Services
BB&T identifies and executes on corporate-level community development service initiatives to connect with individuals and organizations in our communities. The CRA Service Manager works directly with the Community Development manager and specialists to execute on impactful service activities and outreach programs throughout the bank's footprint in targeted areas, including: capacity building, financial education, asset building, micro/small business assistance and community development finance.
BB&T associates provide leadership to our communities in a number of ways, none more impactful than as members of more than 1,100 nonprofit boards and committees. In addition, associates provided qualified community development services to teach homeownership education, credit management, basic banking information and money/savings management. These services are offered to the LMI community through partnerships with the many city and county governments and nonprofit organizations within the bank's footprint.