While the economy is still regaining its footing, Bank of America has begun to look to new sectors for development. In 2009, the first of a ten-year, $1.5 trillion initiative in community development lending, Bank of America racked up $6.16 billion in investments across the DC-area, reports the Washington Business Journal.The largest portion went to affordable housing, with small businesses and economic development also benefiting. Charter school operator KIPP DC was one project, receiving $24 million to bolster the program.