SAN FRANCISCO - Bank of America Community Development Bank said it has provided a $20 million credit facility to Local Initiatives Managed Assets Corp.

The New York-based corporation, known as Limac, maintains a secondary market for affordable housing and community development loans. The credit facility can help generate new capital for the creation of low-income housing across the country.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.