Partnerships for Raising Opportunity in Neighborhoods (PRO Neighborhoods) is a $125 million, five-year initiative to provide communities with the capital and tools they need to support locally-driven solutions and address key drivers of inequality across the country.
JPMorgan Chase recognizes that thriving neighborhoods are critical to the long-term economic success of individuals, communities and cities. At a time when economic growth is often directed toward reviving commercial corridors and downtowns, many neighborhoods, families and small business owners are being left behind. Since several key barriers to economic mobility are rooted in neighborhood conditions, cities also need tailored, comprehensive strategies for economic growth that ensure opportunities to prosper are extended to distressed neighborhoods and the families that live there.
PRO Neighborhoods CDFI Competition
Next Competition will open in Q1 2019
The PRO Neighborhoods CDFI Collaborative Competition will make investments up to $5 million in community development financial institutions (CDFIs), nonprofit lenders that provide affordable financing to promote economic opportunity for underserved communities, to formally come together, pool their resources and expand lending for comprehensive, innovative financing strategies to close the opportunity gap in neighborhoods across the country.