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Building on our existing investments, we are helping drive inclusive growth by committing $30 billion, which focuses on expanding affordable housing, increasing homeownership, growing small businesses, improving financial health and accelerating workforce diversity.
Originate additional home purchase loans for Black, Hispanic and Latino households across the wealth spectrum.
Finance the creation and preservation of affordable housing units in communities that are underserved.
Drive additional spend with Black, Hispanic and Latino suppliers.
Provide additional loans to small businesses in majority Black, Hispanic and Latino census tracts.
Help people open new low-cost checking accounts with no overdraft fees.
Support the work of diverse-owned and –led financial institutions with capital and deposits.
As of December 31, 2022, we are reporting nearly $29 billion of progress toward our five-year Racial Equity Commitment.
Learn more about our latest progress and areas of focus in our 2022 ESG Report.
Toward our Affordable Housing Preservation Program.
For the construction and rehabilitation of affordable rental housing.
Committed in incremental Low Income Housing Tax Credit Investments.
Incremental home loans refinanced for Black, Hispanic and Latino homeowners at all household income levels.
Net new low-cost checking accounts with no overdraft fees.
Community managers hired.
Community Center branches opened.
Branches opened in low-to-moderate income areas.
The Road Ahead
In two years, JPMorgan Chase has nearly met its initial $30 billion commitment toward advancing racial equity. Yet, we are aware of the work that remains, both in meeting each of our individual commitments, and for our country as a whole. For this reason, we are committed to continuing this work and measuring its outcomes to help advance lasting racial equity. By providing financial tools, products and services, JPMorgan Chase aims to help close the racial wealth gap, consistent with our belief that our business is stronger when our economy is more inclusive.
See how our progress comes to life through the stories of the people and communities we help.
Financial Health Resources
Putting Homeownership Within Reach
We're making it easier for customers to achieve homeownership by offering a homebuyer grant of $2,500 or $5,000 to cover closing costs and down payment to customers based on the community they buy in, regardless of their income.
Refinance to Help Save on Mortgage Payments
We're helping Black, Hispanic and Latino homeowners save money on their monthly mortgage payments by committing up to $4 billion in refinancing loans.
Access to Affordable Banking
We’re helping one million people open low-cost checking or savings accounts.
Growing Black, Hispanic and Latino-Owned Businesses
We support minority business owners through one-on-one coaching, educational events, banking solutions and more.
Expanding Supplier Opportunities for Minority Businesses
We are dedicated to working with businesses from historically underrepresented groups including minorities, women, military veterans, people with disabilities and members of the LGBT+ community.
News & Stories
From articles to videos and podcasts, learn more about how we are helping to close the racial wealth gap in tangible and meaningful ways.