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BAC Funding Corporation, a certified community development financial institution, and its affiliates are outgrowths of the Greater Miami Chamber of Commerce, the State of Florida Governor's Revitalization Board of Dade County and the Miami-Dade Chamber of Commerce. The objective was to help stimulate the economic growth of Miami-Dade County's Liberty City - the area of civil disturbances in 1980 in Miami-Dade County. BAC was principally funded by contributions from private corporations, banks, the State of Florida, foundations and individuals.
BAC Funding Corporation serves as the operating agent for BAC Funding Consortium, Inc., a 501(c)(4) multi-bank CDC.
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