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Bank of America to provide $10M in zero interest loans for LA wildfire rebuilding

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January 5, 2026

Bank of America continues to support the rebuilding effort in Los Angeles, following the January 2025 wildfires with loan support. It is giving $10 million in zero interest loans for community development financial institutions for housing, nonprofit facilities and small business assistance, according to a press release.

In particular, Genesis LA will support homeownership and economic development, Pacific Community Ventures will provide no-fee loans to small businesses to replace damaged property and equipment and Clearinghouse CDFI will finance single-family home development.

"Having extensive experience supporting clients and communities through various disasters over the years, Bank of America is uniquely positioned with the expertise, capital and connections to support LA's next chapter. Today's $10 million capital investment will be allocated by our CDFI partners who have been on the ground supporting these impacted communities. As Angelenos continue our long-term recovery following the January fires, our zero-percent capital helps the CDFIs offer lower interest financing for families and business owners to recover and rebuild," Raul Anaya, head of local markets strategy and president, Bank of America Los Angeles, said in the release.