JPMorgan Chase is committed to addressing structural economic and racial disparities in lending in Chicago, including helping more Black and Latinx households achieve affordable, sustainable homeownership.
Over the next five years, JP Morgan Chase expects to originate an additional 3,000 home purchase loans for Black and Latinx families. To do this, the firm is committing an additional $600 million in mortgages.
The firm is also introducing a new program designed to help entrepreneurs in historically underserved areas access coaching, technical assistance and capital. The new nationwide program has launched in Chicago with consultants who will provide over 1,500 Black and Brown-owned small businesses with 1:1 mentorship and digital education to help grow their businesses.
Read about their first grant: A Chase Grant Will Give A $7.2 Million Boost For Home Ownership On Chicago’s South And West Sides