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Jpmorgan Chase Pledges $40m To Address Affordable Housing Shortage

JPMorgan Chase on Wednesday pledged more than $40 million in philanthropic funding to help address the nation’s housing supply shortage.

The funds include more than $20 million in grants and $20 million in flexible, impact-focused term loans to support organizations working to expand and preserve affordable housing.

The announcement — made at a JPMorgan Chase-sponsored Axios event in Atlanta where policymakers, business leaders and community groups discussed housing challenges and solutions — builds on the company’s already-extended $5 billion in debt and equity for affordable housing in the first three quarters of 2025

The initiative focuses on strategies such as innovative construction models, financing solutions, rental unit preservation and home improvement support for low- and moderate-income families. The firm said the effort builds on its broader affordable housing strategy.

JPMorgan Chase said its philanthropic work over the past five years has supported the creation and preservation of more than 85,000 affordable units. Since 2021, it has financed more than 410,000 affordable housing units and provided more than $50 billion for related projects.

“At JPMorganChase, we know that housing is at the root of local economic growth and homeownership is key to building generational wealth. For communities to thrive, people must have a safe, stable place to call home,” said Tim Berry, JPMorgan Chase’s global head of corporate responsibility and chairman of the mid-Atlantic region.

“Leveraging our business, philanthropic, and policy resources, we’re helping to break down barriers to housing production by advancing practical, community-driven solutions,” he added. “These solutions — supported by streamlined regulations — are key to unlocking economic opportunity and building stronger communities nationwide.”

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Jpmorgan Chase Pledges $40m To Address Affordable Housing Shortage

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