Community Development | JPMorganChase

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src='/content/dam/jpmc/jpmorgan-chase-and-co/images/270-Construction-Team-photo.jpg'/> </div> <div class='text-container'> <div class="textCard"> <p class="cardText title no-quote "> New JPMorganChase HQ Drives Billions in Economic Growth for New York </p> <p class="cardText description no-quote "> With about 8,000 jobs created and $2.6 billion added to New York City鈥檚 economy, JPMorganChase is proud to help fuel NYC and sends gratitude to the construction workers who made this possible. </p> </div> <a aria-label="Learn more about New JPMorganChase HQ Drives Billions in Economic Growth for New York" class="link" data-cmp-clickable data-cmp-data-layer="{"event":"cmp:click","webInteraction":{"ctaType":"link","ctaText":"Learn more","ctaUrl":"/newsroom/stories/hq-triggers-economic-growth","ctaTitle":"New JPMorganChase HQ Drives Billions in Economic Growth for New York","ctaComponentName":"Primary Navigation"}}" href="/newsroom/stories/hq-triggers-economic-growth"> <span 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class="container half-width"> <div class="text-wrapper"> <div class="text-container"> <div class="title"><h2>Investing in local communities</h2> </div> <div class="description"><p>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.</p> </div> </div> </div> <div class="image-container half-width"> <img alt src="/content/dam/jpmorganchase/images/impact/community-development/trec-mlk-renovation.jpg"/> </div> </div> </div> <div class="quick-links white aem-GridColumn aem-GridColumn--default--12"> <article class="jpmc-quick-links variant-three "> <section class='quick-links__header-container'> <div class='content'> <div class="headline"><h2>How we鈥檙e making an impact</h2> </div> </div> </section> <section class="quick-links__card-container"> <div class="quick-links-card"> <div class="quick-links-card-details"> <div class='title'><h3>Advancing housing solutions</h3> </div> <div class='description'><p>Creating and preserving the supply of quality, affordable housing through business and philanthropic efforts</p> </div> </div> </div> <div class="quick-links-card"> <div class="quick-links-card-details"> <div class='title'><h3>Expanding access to homeownership</h3> </div> <div class='description'><p>Increasing equitable and sustainable homeownership opportunities through our home lending products and services.</p> </div> </div> </div> <div class="quick-links-card"> <div class="quick-links-card-details"> <div class='title'><h3>Providing capital to vital community institutions</h3> </div> <div class='description'><p>Supporting local hospitals, governments, schools and community financial institutions to help them better serve our communities</p> </div> </div> </div> </section> </article> </div> <div class="editorial-card-package dark aem-GridColumn aem-GridColumn--default--12"> <div class="editorial-cards "> <div class="cmp-icp"> <div class="icp-four-up-horizontal"> <div class="editorial-card-package-header"> <div class='editorial-card-package-title '><h2>See impact in action</h2> </div> <div class='description_wrapper'> </div> </div> <div class="four-up-horizontal"> <div class="cardsContainer"> <div class="firstCard-four-up"> <div class='container'> <div class='card-img-container card-img-left'> <div class='jpmc-image-container '> <img alt class='jpmc-image' src='/content/dam/jpmc/jpmorgan-chase-and-co/images/header-desert-sage.jpg'/> </div> <div class="card-content"> <div class="cardContent"> <p class="cardText eyebrow no-quote "> Stories </p> <h3 class="cardText title no-quote "> In Idaho, a new healthcare center expands care for a rural community </h3> <p class="cardText description no-quote "> Desert Sage Health Centers鈥攚ith support from JPMorganChase鈥攊s making care more accessible across Idaho. And that鈥檚 helping build healthier communities. </p> <a aria-label="In Idaho, a new healthcare center expands care for a rural community,Read more" class="link" data-cmp-clickable data-cmp-data-layer="{"event":"cmp:click","webInteraction":{"ctaType":"link","ctaText":"Read more","ctaUrl":"/newsroom/stories/desert-sage","ctaTitle":"In Idaho, a new healthcare center expands care for a rural community","ctaComponentName":"Editorial Card Package"}}" href="/newsroom/stories/desert-sage"> <span class="link-text">Read more</span> <span class="icon icon-16" data-icon="&#xf061"></span> </a> </div> </div> </div> </div> </div> </div> <div class="secondcard-four-up"> <div class='container'> <div class='card-img-container card-img-3'> <div class='jpmc-image-container '> <img alt='Detroit pizza bar' class='jpmc-image' src='/content/dam/jpmc/jpmorgan-chase-and-co/banners/header-detroit-development.jpg'/> </div> <div class="card-content"> <div class="cardContent"> <p class="cardText eyebrow no-quote "> Stories </p> <h3 class="cardText title no-quote "> One Entrepreneur Helping to Revitalize Detroit </h3> <p class="cardText description no-quote "> How JPMorgan Chase is helping small business owner and local developer Marcus Jones revitalize his neighborhood and develop Detroit鈥檚 workforce for the city鈥檚 next chapter.聽聽 </p> <a aria-label="One Entrepreneur Helping to Revitalize Detroit,Read more" class="link" data-cmp-clickable data-cmp-data-layer="{"event":"cmp:click","webInteraction":{"ctaType":"link","ctaText":"Read more","ctaUrl":"/newsroom/stories/detroit-development","ctaTitle":"One Entrepreneur Helping to Revitalize Detroit","ctaComponentName":"Editorial Card Package"}}" href="/newsroom/stories/detroit-development"> <span class="link-text">Read more</span> <span class="icon icon-16" data-icon="&#xf061"></span> </a> </div> </div> </div> </div> <div class='container'> <div class='card-img-container card-img-3'> <div class='jpmc-image-container '> <img alt='header-women-powering-affordable-housing-nyc' class='jpmc-image' src='/content/dam/jpmc/jpmorgan-chase-and-co/images/header-women-powering-affordable-housing-nyc.jpg'/> </div> <div class="card-content"> <div class="cardContent"> <p class="cardText eyebrow no-quote "> Stories </p> <h3 class="cardText title no-quote "> These Women Are Powering Affordable Housing In NYC </h3> <p class="cardText description no-quote "> Tonya Ores of Neighborhood Housing Services of Brooklyn and Jeanique Riche-Druses of JPMorgan Chase are empowering women 颅颅to manage their properties. </p> <a aria-label="These Women Are Powering Affordable Housing In NYC,Read more" class="link" data-cmp-clickable data-cmp-data-layer="{"event":"cmp:click","webInteraction":{"ctaType":"link","ctaText":"Read more","ctaUrl":"/newsroom/stories/women-powering-affordable-housing-nyc","ctaTitle":"These Women Are Powering Affordable Housing In NYC","ctaComponentName":"Editorial Card Package"}}" href="/newsroom/stories/women-powering-affordable-housing-nyc"> <span class="link-text">Read more</span> <span class="icon icon-16" data-icon="&#xf061"></span> </a> </div> </div> </div> </div> <div class='container'> <div class='card-img-container card-img-3'> <div class='jpmc-image-container '> <img alt='1216565840' class='jpmc-image' src='/content/dam/jpmc/jpmorgan-chase-and-co/banners/header-infrastructure.jpg'/> </div> <div class="card-content"> <div class="cardContent"> <p class="cardText eyebrow no-quote "> Stories </p> <h3 class="cardText title no-quote "> Keeping the U.S. Connected for More Than 200 Years </h3> <p class="cardText description no-quote "> JPMorgan Chase supports the development of American communities through financing infrastructure that helps connect the world and powers the global economy. </p> <a aria-label="Keeping the U.S. Connected for More Than 200 Years,Read more" class="link" data-cmp-clickable data-cmp-data-layer="{"event":"cmp:click","webInteraction":{"ctaType":"link","ctaText":"Read more","ctaUrl":"/newsroom/stories/infrastructure","ctaTitle":"Keeping the U.S. Connected for More Than 200 Years","ctaComponentName":"Editorial Card Package"}}" href="/newsroom/stories/infrastructure"> <span class="link-text">Read more</span> <span class="icon icon-16" data-icon="&#xf061"></span> </a> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="quick-links white aem-GridColumn aem-GridColumn--default--12"> <article class="jpmc-quick-links variant-three "> <section class='quick-links__header-container'> <div class='content'> <div class="headline"><h2>Driving local impact together</h2> </div> </div> </section> <section class="quick-links__card-container"> <div class="quick-links-card"> <div class="quick-links-card-details"> <div class='title'><h3>Catchlight Crossings聽</h3> </div> <div class='description'><p>We 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鈥檚 not-for-profit, Housing for Tomorrow.</p> </div> </div> <a aria-label="Catchlight Crossings Read more" class="link" data-cmp-clickable data-cmp-data-layer="{"event":"cmp:click","webInteraction":{"ctaType":"link","ctaText":"Read more","ctaUrl":"https://www.jpmorgan.com/insights/real-estate/community-development-banking/expanding-orlandos-affordable-and-workforce-housing-supply","ctaTitle":"Catchlight Crossings聽","ctaComponentName":"Quick Links"}}" href="https://www.jpmorgan.com/insights/real-estate/community-development-banking/expanding-orlandos-affordable-and-workforce-housing-supply" target="_blank"> <span class="link-text">Read more</span> <span class="icon icon-16" data-icon="&#xf061"></span> </a> </div> <div class="quick-links-card"> <div class="quick-links-card-details"> <div class='title'><h3>Evermont and SEED LA</h3> </div> <div class='description'><p>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鈥檚 first public boarding school, which was separately financed by JPMorganChase with $70 million in NMTC financing and $15 million in a senior direct loan.</p> </div> </div> </div> <div class="quick-links-card"> <div class="quick-links-card-details"> <div class='title'><h3>Max Robinson Center</h3> </div> <div class='description'><p>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.</p> </div> </div> </div> </section> </article> </div> <div class="stats travertine aem-GridColumn aem-GridColumn--default--12"> <div class="grid-two-column-stats "> <div class="left-stats-container"> <div class="title"><h2>Achieving more together</h2> </div> <div class="description"><p><i><span class="body-small"><sup>Reflects figures from 2021-2023 unless specified otherwise</sup></span></i></p> </div> </div> <div class="right-stats-container"> <div class="statsDesciption-grid-two-column"> <ul class="statContainer-grid-two-column"> <li class="stat-grid-two-column"> <p>250K</p> </li> <li class="statText-grid-two-column"> <p>affordable housing units</p> </li> </ul> <ul class="descriptionContainer-grid-two-column"> <li class="descriptionText-grid-two-column"> <p>Created or preserved to help address the housing affordability gap</p> </li> </ul> </div> <div class="statsDesciption-grid-two-column"> <ul class="statContainer-grid-two-column"> <li class="stat-grid-two-column"> <p>$1.4B</p> </li> <li class="statText-grid-two-column"> <p>in New Markets Tax Credit investments</p> </li> </ul> <ul class="descriptionContainer-grid-two-column"> <li class="descriptionText-grid-two-column"> <p>Produced to help spur economic growth in low-income communities</p> </li> </ul> </div> <div class="statsDesciption-grid-two-column"> <ul class="statContainer-grid-two-column"> <li class="stat-grid-two-column"> <p>$400M</p> </li> <li class="statText-grid-two-column"> <p>in philanthropic capital</p> </li> </ul> <ul class="descriptionContainer-grid-two-column"> <li class="descriptionText-grid-two-column"> <p>Committed in 2021 as part of a five-year initiative to improve housing affordability and stability for Black, Hispanic and Latino households</p> </li> </ul> </div> <div class="statsDesciption-grid-two-column"> <ul class="statContainer-grid-two-column"> <li class="stat-grid-two-column"> <p>14K+</p> </li> <li class="statText-grid-two-column"> <p>home purchase loans</p> </li> </ul> <ul class="descriptionContainer-grid-two-column"> <li class="descriptionText-grid-two-column"> <p>Home purchase and refinance loans originated for Black, Hispanic and Latino households across the economic spectrum in 2023.</p> </li> </ul> </div> <div class="statsDesciption-grid-two-column"> <ul class="statContainer-grid-two-column"> <li class="stat-grid-two-column"> <p>$14B</p> </li> <li class="statText-grid-two-column"> <p>in new, renewed, or replaced loans</p> </li> </ul> <ul class="descriptionContainer-grid-two-column"> <li class="descriptionText-grid-two-column"> <p>Extended to government, healthcare, higher education and nonprofit institutions</p> </li> </ul> </div> </div> </div> </div> <div class="fifty-fifty-breaker white aem-GridColumn aem-GridColumn--default--12"> <div class="container half-width"> <div class="text-wrapper"> <div class="text-container"> <div class="title"><h2>Housing Supply Solutions to Prioritize in 2024</h2> </div> <div class="description"><p>The JPMorganChase PolicyCenter identified three immediate steps that could meaningfully impact the housing supply and affordability crisis.</p> </div> <div class="cta-container"> <a aria-label="Housing Supply Solutions to Prioritize in 2024 Learn more" 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