November 14, 2018 (New York, NY) – JPMorgan Chase today awards its 1000th mortgage-free home to a U.S. military veteran, a total donation of more than $187 million. In collaboration with nonprofit Operation Homefront, Army veteran and Purple Heart recipient Brian Storemski will receive the milestone home in Bowie, MD.
“We’re honored to reflect on the 1,000 families whose service and sacrifice we have celebrated through this program,” said Mark Elliott, Head of Military and Veterans Affairs at JPMorgan Chase. “At JPMorgan Chase, we support service members as they transition to post-military life, and we know that finding a home is a critical part of that transition.”
JPMorgan Chase’s Office of Military and Veterans Affairs works with nonprofit partners like Operation Homefront and Building Homes for Heroes to locate extraordinary military families. The program has reached veterans of all five branches of services, awarding them with mortgage-free homes in communities across 44 states.
To mark the 1000th milestone, JPMorgan Chase and Operation Homefront will host a celebration, welcoming Storemski and his wife Alison to their new home for the first time. Storemski suffered a combat injury while serving in Afghanistan as an Army medic, earning him a Purple Heart. He was forced to medically retire after seven years of service. The abrupt end to his military career left the family struggling with their employment options, unsure of their financial future and without a place to call home.
During Storemski’s rehabilitation, the family came to call the Washington, D.C., area their home. They applied to receive a house in Bowie, MD through Operation Homefront’s Homes on the Homefront program. JPMorgan Chase has been doing business in Greater Washington, D.C., for 20 years and recently announced that it will expand its branch network and make several new investments to support economic growth in the region. This expansion includes opening up to 70 new branches and hiring up to 700 new employees, including veterans, in northern Virginia, Washington, D.C., and Maryland; committing $4 billion over five years for regional home and small business lending; and increasing its philanthropic investment to $25 million to drive inclusive economic growth in the region.
“We are committed to supporting the communities in which we live and work, and that is especially true when it comes to those who have served our country,” said Elliott. “The Storemskis are working tremendously hard to rebuild their lives, we’re thrilled to provide them, and many more families to come, with a solid foundation for a secure future.”
JPMorgan Chase has supported veterans since before World War I. The Military and Veterans Affairs program uses the firm’s full resources and its relationships with non-profit and government partners to help ensure that service members, veterans and their families have access to products and services, employment opportunities, professional development tools and small business resources.
Since the program started in 2011, JPMorgan Chase has hired more than 14,000 veterans and facilitated 470,000 veteran hires through the Veteran Jobs Mission coalition; committed more than $4.6 million to support veteran-owned small businesses; and helped 6,600 veterans and military spouses complete 9,100 career certifications through the Veterans Career Transition Program at the Institute for Veterans and Military Families, which was co-founded and is supported by JPMorgan Chase and Syracuse University. Learn more at: www.jpmorganchase.com/veterans.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.