JPMorganChase Doubles Down on Housing, Aiming to Deploy $750 Billion Through 2035—Up by More Than $200 Billion—Through Its American Dream Initiative

JPMorganChase Doubles Down on Housing, Aiming to Deploy $750 Billion Through 2035—Up by More Than $200 Billion—Through Its American Dream Initiative

Through expanded financing and policy engagement, firm will help build or preserve 1,000,000 affordable housing units and help 500,000 customers purchase homes

JPMorganChase today announced the firm intends to deploy over $750 billion through 2035 to increase housing supply and support homeownership in the United States. This marks a nearly 40 percent increase in the firm’s housing capital deployment compared to the past decade, and includes financing for 1,000,000 affordable housing units and helping 500,000 homebuyers purchase homes.

This announcement is part of JPMorganChase’s American Dream Initiative, a multi-year effort to expand opportunity to millions of Americans and future generations through targeted investments in local communities. As the nation’s largest multifamily lender and residential bank mortgage lender, JPMorganChase has a track record of expanding affordable housing supply and supporting homeownership, bringing the scale and expertise needed to help address the country’s housing challenges.

In the firm’s role serving all housing stakeholders, JPMorganChase will deepen collaboration with policymakers and community partners to accelerate and scale state and local solutions—such as streamlined zoning, building codes, permitting, expanded tax credits, and public-private partnerships—that help create more housing at all income levels. With the right policies in place, the firm intends to provide more capital for housing and home buying to ultimately help improve housing access and affordability across the country.