Investing in local communities
Our business is only as strong as the communities we serve. We are helping to build neighborhoods where diverse communities across income levels have access to stable, affordable housing and homeownership opportunities. Our work with local hospitals, governments, schools and community financial institutions helps to support the health, stability and vibrancy of our communities.
How we’re making an impact
Advancing housing solutions
Creating and preserving the supply of quality, affordable housing through business and philanthropic efforts
Expanding access to homeownership
Increasing equitable and sustainable homeownership opportunities through our home lending products and services.
Providing capital to vital community institutions
Supporting local hospitals, governments, schools and community financial institutions to help them better serve our communities
See impact in action
Stories
This Real Estate Developer is Building a Foundation for Growth in Washington, D.C.
Adrian Washington’s Neighborhood Development Company is helping communities flourish by building affordable housing and creating space for local businesses—with support from JPMorganChase.
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Stories
One Entrepreneur Helping to Revitalize Detroit
How JPMorgan Chase is helping small business owner and local developer Marcus Jones revitalize his neighborhood and develop Detroit’s workforce for the city’s next chapter.
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Stories
These Women Are Powering Affordable Housing In NYC
Tonya Ores of Neighborhood Housing Services of Brooklyn and Jeanique Riche-Druses of JPMorgan Chase are empowering women to manage their properties.
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Stories
Keeping the U.S. Connected for More Than 200 Years
JPMorgan Chase supports the development of American communities through financing infrastructure that helps connect the world and powers the global economy.
Read moreWe provided $29.1 million in predevelopment financing to Wendover Housing for the construction of a 1,000 unit affordable and workforce housing community with on-site amenities, access to transportation and a tuition-free daycare in Orlando, FL. Catchlight Crossings sits on land that was donated by Universal’s not-for-profit, Housing for Tomorrow.
We provided support from across our Community Development Real Estate, Tax Oriented Investments, and New Markets Tax Credit teams for the construction of affordable and senior housing envisioned and structured by BRIDGE Housing, Coalition for Responsible Community Development, and Primestor. It will be situated next to the SEED LA School of Los Angeles County, the state’s first public boarding school, which was separately financed by JPMorganChase with $70 million in NMTC financing and $15 million in a senior direct loan.
A $10 million New Markets Tax Credit equity investment helped fund the construction of a new 118,000 square foot healthcare and research center that will have the capacity to serve an additional 10,000 patients each year and expand access to medical services in historically underserved Wards 7 and 8.
Reflects figures from 2021-2023 unless specified otherwise
250K
affordable housing units
Created or preserved to help address the housing affordability gap
$1.4B
in New Markets Tax Credit investments
Produced to help spur economic growth in low-income communities
$400M
in philanthropic capital
Committed in 2021 as part of a five-year initiative to improve housing affordability and stability for Black, Hispanic and Latino households
14K+
home purchase loans
Home purchase and refinance loans originated for Black, Hispanic and Latino households across the economic spectrum in 2023.
$14B
in new, renewed, or replaced loans
Extended to government, healthcare, higher education and nonprofit institutions
Watch Chantal’s story.
Making Homeownership A Reality
Chantal Legagneur lived in a small walk-in basement with her two daughters and elderly mother while she saved money to buy a home. She is now a proud first-time homebuyer thanks to her tenacity and assistance from Chase Home Lending Advisor, Ennell Esperance. With Ennell’s help, Chantal secured a $100,000 grant from New York City and a $5,000 Chase home buyer grant.
The JPMorganChase PolicyCenter identified three immediate steps that could meaningfully impact the housing supply and affordability crisis.
Vacant homes can create a cycle of economic decline that depresses property values, limits economic activity, and contributes to physical disrepair of homes. JPMorganChase shares lessons learned from our multi-faced approach to help advance place-based neighborhood development strategies.
