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TD Bank’s latest “community impact plan” will see $10 billion worth of residential lending towards low- and moderate-income borrowers and minority borrowers focused on Boston, Baltimore, New York City, Miami, Philadelphia and Washington, D.C.

The $20 billion, three-year effort was developed with help from the National Community Reinvestment Coalition, a press release issued by the bank Wednesday said. The plan will also help TD Bank fulfill its Community Reinvestment Act obligations to provide credit and other investments to the minority communities where it does business.

Other plan components include $7.5 billion in community loans and investments in affordable housing and economic development projects, $2.8 billion in credit to businesses with less than $1 million in annual revenue – with a focus on minority- and women-owned businesses and those in poor neighborhoods – and $70 million in Community Reinvestment Act-related philanthropy, 75 percent of which will go to support “diversely led organizations,” the bank’s announcement said.

“At TD Bank, we know our success is tied directly to the people and the communities we serve. When they flourish, we succeed,” TD Bank President and CEO Leo Salom said in a statement. “One of our primary objectives as a purpose-driven bank is to help power economic opportunities that help low- and moderate-income (LMI), diverse and underserved communities achieve their financial goals. Our Community Impact Plan is designed to achieve that vital role as we build on TD’s long-term community focus.”

The bank also plans to open 15 branches in low- and moderate-income or majority-minority neighborhoods with “community-centered” meeting spaces that can be used for financial education workshops or nonprofit meetings. The bank is trying to reach 54,000 people with these and fraud-prevention trainings in the next three years, its press release said.

In addition, TD Bank’s announcement said it would be making $320 million in lending, investments and grants to community development financial institutions and minority-owned banks, increase spending with certified diverse suppliers by 25 percent, purposefully increase its recruitment efforts at historically Black colleges and universities and establish a community advisory board that will oversee the three-year plan.

“I’m glad to see TD’s leadership demonstrate a continued commitment to the values and principles that have guided our conversations to date and look forward to more strong collaboration in future,” National Community Reinvestment Coalition President and CEO Jesse Van Tol said in a statement provided by TD Bank. “Every bank should set ambitious goals for supporting underserved communities. And we’re pleased to provide strategic insights to advance this strategy. Those efforts can only be effective if they are informed by the input of community leaders like NCRC and our members. TD listened and then delivered this new Community Impact Plan to help ensure its investments and programs are aligned to community needs.”