OUR APPROACH

Our Model for Impact

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Neighborhood Revitalization

Economic opportunity is deeply rooted in neighborhood conditions. Where people reside has lasting impacts on how they live, from life earnings to life expectancy. Yet even with broad economic growth, many neighborhoods continue to struggle with concentrated poverty, disinvestment, unemployment and other challenges.

At JPMorgan Chase, we are applying our deep community development expertise – alongside our lending, investment and philanthropic capital – to help build thriving neighborhoods. Our $125 million, five-year commitment is focused on catalyzing locally driven solutions to cultivate opportunity-rich neighborhoods where diverse individuals and families at all income levels can live. 

2019 Competition Winners

The PRO Neighborhoods Competition makes up to $5 million investments over three years to community development organizations tackling pressing demands in targeted neighborhoods. In 2020, the PRO Neighborhoods Competition merged with the AdvancingCities Challenge to continue to source innovative and sustainable solutions and address the most persistent problems facing communities. Visit here for more information.

 

Between 2016 and 2018, JPMorgan Chase provided:

 

$8.55B

to finance more than 134,000 affordable housing units and New Markets Tax Credit community development projects

 

$28.4B

for expanding homeownership in low- and moderate-income communities by financing 137,000 home loans through our Consumer & Community banking business

$125M

in philanthropic capital to support and scale innovative efforts to revitalize neighborhoods and create, preserve and rehabilitate more than 12,000 affordable housing units

Stories and Insights