Bank / Credit Union

BMO announces $1M commitment to affordable housing

May 3, 2023

BMO will donate $1 million for affordable housing and health equity in California. The bank will donate $500,000 each to Enterprise Community Partners and Direct Relief, according to a press release.

Enterprise aims to increase affordable housing while addressing racial inequality. It has created 951,000 homes in the U.S. Direct Relief assists health professionals and poor communities with diagnosing and caring for people during disasters, according to the release.

"As BMO enters new markets in California, our purpose is to create a thriving economy, sustainable future, and inclusive society," Kimberley Goode, chief communications and social impact officer, BMO, said in the release. "We are proud to support the valuable work that Enterprise Community Partners and Direct Relief are leading to help the people of California make progress."