The funds are part of the company's three-year pledge to provide $9 billion to fund building, lending, investments and technology zones throughout the communities it serves.
Providing funds to help build stronger neighborhoods and revitalize communities is a cornerstone of the company's commitment, officials says.
As part of the project, the bank offers a 0.5% reduction in loan commitment fees for developers involved with community development projects. The company also offers special loan financing to several municipalities to renovate previously unusable land known as brownfield sites.
The company is an affiliate of Fifth Third Bancorp of Cincinnati.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.