More than a year after the January 2025 wildfires first sparked, victims continue to navigate insurance, mortgage and construction hurdles on the road to rebuilding what was lost.
The recovery efforts of nonprofits, businesses and residents in and around Altadena and Pacific Palisades will see a boost from a new capital commitment from the Bank of America Corp. that expands on the banking sector’s fire-focused philanthropic aid. The financial giant announced in late December $10 million in zero-interest loans that’ll reach nonprofits, businesses and residents through local community development financial institutions, or CDFIs.
