Today, JPMorganChase announced more than $40 million in philanthropic funding aimed at helping to address the nation’s housing supply shortage, including more than $20 million in grants and $20 million in flexible, impact-focused term loans. This funding will support organizations pioneering solutions to expand and preserve housing supply—ranging from innovative construction models and financing strategies to rental unit preservation and home improvement loans for low- and moderate-income families. This new philanthropic announcement builds on our existing business efforts to create and preserve affordable housing; the firm has extended more than $5 billion in debt and equity for affordable housing in the first three quarters of 2025.
The funding was announced at an Axios Zoom In event in Atlanta sponsored by JPMorganChase, which featured conversations with policymakers, businesses, and community leaders focused on developing solutions to increase housing supply both locally and across the country. The announcement also follows a new policy brief focused on state and local policy solutions to increase housing supply.
With the U.S. facing a deficit of up to 5.5 million homes, the lack of affordable housing options is driving up costs, limiting worker mobility, straining local businesses, and impacting consumer spending in communities across the country. JPMorganChase is committed to advancing an affordable and stable housing market through our business lending and equity investments, proprietary research, policy expertise, and philanthropic capital.
Today’s announcement builds on JPMorganChase’s firmwide housing strategy focused on helping to increase the availability of homes affordable to households across the income spectrum. Through learnings and impact from this philanthropic work to date—which supported the creation and preservation of more than 85,000 affordable housing units over the last five years— the firm will further localize and tailor philanthropic funding to initiatives best positioned to scale solutions, change business practices, and influence policy.
“At JPMorganChase, we know that housing is at the root of local economic growth and homeownership is key to building generational wealth. For communities to thrive, people must have a safe, stable place to call home,” said Tim Berry, Global Head of Corporate Responsibility and Chairman of the Mid-Atlantic Region, JPMorganChase. “Leveraging our business, philanthropic, and policy resources, we’re helping to break down barriers to housing production by advancing practical, community-driven solutions. These solutions—supported by streamlined regulations—are key to unlocking economic opportunity and building stronger communities nationwide.”
“Helping to provide housing stability and security through resident-owned communities has critical benefits that can impact generations, ranging from health and well-being to wealth building and preservation,” said Emily Thaden, CEO of ROC USA, a JPMorganChase client and grantee. “We’re grateful for JPMorganChase’s support in helping us pilot innovations to address the housing shortage with manufactured housing solutions and scale resident-ownership to many more communities.”
“Housing affordability is one of the most pressing challenges of our time, and we know that building new and preserving existing affordable homes is the first step to improving outcomes," said Shaun Donovan, President & CEO of Enterprise Community Partners. "The multi-faceted support from JPMorganChase has been essential in our ability to produce strong policy research, launch new preservation initiatives, and scale comprehensive housing solutions across the country.”
For a full philanthropic investment list, see the Appendix below.
Affordable housing financing
JPMorganChase also announced that it has extended more than $5 billion in debt and equity for affordable housing in the first three quarters of 2025 through the firm’s Commercial Real Estate and Tax-Oriented Investment businesses, which is expected to create and preserve nearly 39,000 affordable housing units across the U.S. This financing, which includes lending and tax credit investments, represents how the firm is using market-driven solutions to create and preserve affordable housing. As one of the nation’s leading affordable housing capital providers, the firm has supported the creation and preservation of more than 410,000 affordable housing units and extended more than $50 billion in debt and equity for affordable housing projects nationwide since 2021.
“An affordable and resilient housing market is essential to driving economic growth and opportunity,” said Michelle Herrick, Head of Commercial Real Estate for J.P. Morgan. “As the largest multifamily lender in the U.S., we’re focused on coordinating capital across executions to increase the supply for those in need.”
Policy advocacy
In addition to philanthropic and business-led support, the JPMorganChase PolicyCenter supports federal, state, and local policies aimed at increasing housing supply and improving housing access and affordability. Earlier this year, the firm released federal policy recommendations to boost housing supply and increase access to homeownership, including two proposals that passed this year: strengthening the Low Income Tax Credit (LIHTC) and making permanent the New Markets Tax Credit (NMTC). Building on this momentum, JPMorganChase published a brief this month focused on state and local policies that reduce regulatory barriers to housing production through land use, zoning, building code, and permitting reform.
About JPMorganChase
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $4.6 trillion in assets and $360 billion in stockholders’ equity as of September 30, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com
APPENDIX
National Grants
- Enterprise Community Partners, Inc., $3,100,000, National: Enterprise will strengthen the sustainability and capacity of the affordable housing sector – essential to preserving the stock of affordable housing – by providing technical assistance and training for both national and local affordable housing providers, while leading research and the development of policy recommendations to increase and preserve housing supply.
- Grounded Solutions Network, $500,000, National: Grounded Solutions will expand long-term housing affordability by increasing the use of various community ownership-focused approaches including community land trusts and inclusionary housing programs, with a shared equity focus on technical assistance, learning, and evaluation.
- Lincoln Institute of Land Policy, $200,000, National: Lincoln Institute will continue managing the Innovations in Manufactured Homes (I’m Home) Network, which provides research, policy analysis, and convenings focused on manufactured housing.
- National Housing Trust (NHT), $500,000, National: NHT will stabilize and preserve aging affordable housing to ensure it remains safe and healthy for residents by launching a national Housing Preservation Campaign to amplify the vital role that preservation plays in addressing the national housing supply shortage.
- RDF, $500,000, National: RDF will expand its capacity to offer flexible, low-cost predevelopment loans for single-family homes affordable to low- and moderate-income households, opening doors to homeownership as a path to economic stability and prosperity.
- ROC USA LLC, $1,000,000, National: ROC USA will pilot an innovative new home infill strategy to increase the supply of manufactured homes, explore new strategies to increase access to home financing for manufactured home purchasers, and build its core operational capacity to reflect the rapid organizational growth that is accelerating ROC USA’s impact.
- Stewards of Affordable Housing for the Future (SAHF), $1,500,000, National: SAHF will leverage its relationships with 13 of the nation’s largest nonprofit affordable housing developers to develop a comprehensive roadmap of capital, practice, policy, and communications solutions to address heightened operating instability and implement scalable housing interventions to preserve affordable housing and improve portfolio health nationwide.
- The Housing Partnership Network (HPN), $800,000, National: HPN will implement diverse financing solutions to increase the supply of affordable “starter homes” and test creative product solutions to expand access to homeownership for households with low- to moderate-income and to inform the broader field.
Local Grants
- Ability Housing, Inc., $350,000, Jacksonville, Florida: Ability Housing, Inc. will advance its financial and IT infrastructure to streamline operations and maximize impact in developing affordable, resilient housing for cost-burdened Floridians.
- Coastal Community Foundation of South Carolina, $300,000, South Carolina: Coastal Community Foundation of South Carolina will expand the Place Based Impact Investing program to increase affordable housing supply, strengthen impact investing, and support resilient housing solutions for historically under-resourced communities in coastal South Carolina.
- Century Affordable Development, Inc., $300,000, Los Angeles, California: Century Affordable Development will build capacity for its Rapid Housing Solutions Initiative (RHSI) to create and develop an alternative financing model for affordable housing that reduces project development timelines and simplifies financial structures to increase the speed of production for new affordable housing.
- Civic Consulting Alliance (CCA), $150,000, Chicago, Illinois: CCA will provide pro bono staff capacity, expertise, and private sector resources to the City of Chicago as it executes and implements its Cut the Tape initiative, a suite of improvements to streamline the City’s land disposition, permitting, and other regulatory processes to remove barriers to housing and commercial corridor development.
- Come dream. come build. (cdcb), $1,500,000, Brownsville, Texas: cdcb will scale its DreamBuild program – a cost-effective single-family volumetric modular housing model – by improving manufacturing efficiency and facilitating site expansions in Kentucky, Arkansas, and Dallas. The grant will also advance cdcb's YouthBuild program by equipping young people with skills and industry recognized certifications in construction.
- East LA Community Corporation (ELACC), $350,000, Los Angeles, California: ELACC will advance the Boyle Heights Housing Preservation program, which will acquire and rehabilitate up to 9 small multifamily buildings to prevent displacement and preserve long-term affordability for long-time residents of East Los Angeles.
- Hacienda Community Development Corporation, $400,000, Oregon: Hacienda Community Development Corporation will conduct pre-development of 40 ‘Mass Casitas,’ affordable and sustainable single-family housing units for low- and moderate-income individuals and families.
- Historic District Development Corporation (HDDC), $1,700,000, Georgia: HDDC will convene affordable housing developers to develop homeownership readiness tools for their renters including credit-building strategies, and establish a recoverable fund to accelerate HDDC’s construction and sale of affordable homes to help build their long-term capacity and impact.
- Jane Place Neighborhood Sustainability Initiative (JPNSI), $300,000, New Orleans, Louisiana:
JPNSI’s community land trust develops and stewards permanently affordable rental housing for low- to moderate-income households in Mid-City New Orleans. The grant will fund essential pre-development and property management activities and expand resident-focused programs that increase the economic stability and mobility of residents.
- Lift To Rise, $180,000, Palm Desert, California: Lift to Rise will help increase affordable housing supply in the Inland Empire (Southern California) by driving a collaborative regional agenda, securing greater community investment, educating and activating a broad base of residents and policymakers, and leading efforts to inform pro-housing regulatory changes at the regional, state, and federal levels.
- Linc Housing, $225,000, Los Angeles, California: Linc will expand its capacity to bring new transformative and resilient affordable housing developments to under-resourced communities through California’s Affordable Housing and Sustainable Communities (AHSC) Program.
- Metropolitan Area Advisory Committee on Anti-Poverty of San Diego County, Inc. (MAAC), $400,000, San Diego, California: MAAC will advance a dual-approach to increase financial stability, grow savings, and build wealth for low- to moderate-income households while implementing sustainability upgrades within affordable housing communities that lower utility costs, ease financial stress, and create healthier, more comfortable living environments that promote long-term housing stability.
- Metropolitan Planning Council (MPC), $200,000, Chicago, Illinois: MPC will conduct research and host real estate and community development convenings to inform the City of Chicago’s Cut the Tape Initiative, a City initiative designed to remove barriers to home construction by improving the City’s land disposition, permitting and other regulatory processes.
- Miami Homes For All, Inc., $500,000, Miami, Florida: Miami Homes for All will increase the availability of resilient, sustainable affordable housing for cost-burdened households in Miami-Dade County by operating the Greater Miami Funders Collaborative, an initiative that organizes capital to accelerate affordable housing investment and development.
- Neighborhood Partnership Housing Services, Inc. (NPHS), $1,500,000, Southern California: NPHS will scale the deployment of affordable, fire-resilient, energy-efficient manufactured homes and Accessory Dwelling Units by growing its own development projects and by supporting developers, homebuyers, and the public sector to leverage the benefits of manufactured homes.
- Reclaiming Chicago NFP, $1,500,000, Chicago, Illinois: Reclaiming Chicago will build and rehabilitate over 2,000 affordable homes in a decade; 1,000 on Chicago’s south side and 1,000 on Chicago’s west side and in turn, help generate an estimated $500MM in wealth and equity for the families who purchase them.
- Seattle Foundation, $750,000, Washington: Seattle Foundation will implement the first-phase of the Washington State Comprehensive and Scalable Starter Home Production Plan to scale the production of affordable starter homes while leveraging innovative off-site and prefabricated methodologies with a goal to create sustainable economies of scale and overcome existing operational barriers that hinder effective implementation.
- The Coalition (formerly CNHED), $1,000,000, Washington, D.C.: The Coalition will continue to implement the DC Connecting Capital and Community initiative - a multi-pronged, collaborative approach to preserve small multi-family properties to ensure the long-term financial sustainability, affordability, and quality of these rental units for low- to moderate- income residents.
- Unseen Heroes for Creative Community Development (CLTRE), $250,000, Sacramento, California: CLRE will grow its capacity to develop, manage, and scale sustainable community development projects that are energy efficient and integrate real estate development, community programming, and commercial spaces that will drive local economic growth.
- United Way of Northeast Florida, Inc., $300,000, Jacksonville, Florida: United Way of Northeast Florida, Inc., will convene the CDC Capacity Collaborative to strengthen Jacksonville’s Community Development Corporations, increase access to affordable, climate-resilient housing, and advance systems-level solutions for cost-burdened households.
- Xavier University of Louisiana, $150,000, New Orleans, Louisiana: Xavier University of Louisiana will conduct early-stage planning for a community development initiative in the Gert Town neighborhood of New Orleans, focusing on execution of a community needs assessment and the creation of a comprehensive development plan that includes affordable housing, greenspace, and neighborhood amenities.
Loans
- NYCEEC, $10,000,000, Multi-market: This loan supports the work of NYCEEC, a nonprofit community lender that finances impactful projects including the construction and rehabilitation of energy efficient affordable housing, efficiency upgrades in multifamily buildings, and clean energy production benefitting low- to moderate-income communities which may lower the utility cost burdens.
- ROC USA Capital, $5,000,000, Multi-market: ROC USA will pilot an innovative new home infill strategy to increase the supply of manufactured homes, explore new strategies to increase access to home financing for manufactured home purchasers, and build its core operational capacity to reflect the rapid organizational growth that is accelerating ROC USA’s impact.
- SELF, $5,000,000, Florida and Southeast: This loan supports financing to developers of single & multi-family affordable housing and financing of resilience and energy efficiency retrofits for homeowners through the Green Home Loans Program, reducing utility and insurance costs and increasing home values. This loan builds on prior JPMC grant funding to help scale the program so that SELF can meet rising demand from homeowners and expand its home improvement loans to other CDFIs and nonprofits across the Southeast.
