Commitment to racial equity

We believe meeting the needs of all communities is essential to our business and fostering a strong economy. In addition to our ongoing effort to engage a broad range of customers, clients and communities, in 2020, JPMorganChase announced its $30 billion Racial Equity Commitment to help close the racial wealth gap and advance economic inclusion among Black, Hispanic and Latino customers and communities that are underserved in the U.S. The products and services supporting this effort include elements open to all without limitation to race. 

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Our progress

While we have invested and financed more than $30 billion toward elements identified in our Racial Equity Commitment, we remain encouraged by the progress achieved thus far and dedicated to continuing to support all communities, including those that are historically underserved.

See our progress

  • 192K+

    Affordable rental units preserved

  • 11K+

    Units of affordable housing constructed or rehabilitated

  • $2.3B

    Of incremental Low Income Housing Tax Credit investments

  • 8.7K+

    Incremental loans to businesses in majority Black, Hispanic and Latino communities

  • 723K+

    Net new low-cost checking accounts with no overdraft fees

  • 149

    Community managers hired

  • 14

    Community Center branches opened

  • 126

    Branches opened in low-to-moderate income areas

Resources and tools

Homebuyer benefits

We're making it easier for customers to achieve homeownership by offering a homebuyer grant up to $7,500 in select areas, plus a low down payment.

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Mortgage refinancing support

We're helping homeowners save money on their monthly mortgage payments by committing up to $4 billion in refinancing loans.

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Access to affordable banking

We’re helping one million people open low-cost checking or savings accounts.

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Growing small businesses

We support business owners through one-on-one coaching, educational events, banking solutions and more. 

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Building a diverse supplier pipeline

We’re fostering the development of small and diverse businesses from historically underrepresented groups and working closely with them to facilitate their growth and success over time.

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Latest news

JPMorgan Chase Releases $30 Billion Racial Equity Commitment Audit Report

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JPMorgan Chase Commits $30 Million to Support Historically Black Colleges and Universities and Students

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JPMorgan Chase Delivers Over $1 Billion in Community Development Financing

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Chase Expands Community Branches, Local Hiring to Improve Access to Banking and Financial Health

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JPMorgan Chase Provides an Update on its $30 Billion Racial Equity Commitment

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