Stories

Expanding Homeownership and Revitalizing Neighborhoods in Chicago

Improving housing affordability and expanding homeownership can help strengthen neighborhoods and support economic opportunity. Learn how our philanthropic support for Reclaiming Chicago is helping create new pathways to homeownership for families across Chicago.

September 23, 2026

Expanding Homeownership and Revitalizing Neighborhoods in Chicago

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Leonardo Garcia

Back of the Yards is a neighborhood full of culture. Lots of different people, ethnicities, different backgrounds. We have professionals, teachers, carpenters. I grew up in this community. I live in this community. I bought in this community. I invest in this community.

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Connie Rutledge

At JPMorgan Chase, we believe that our business is only as strong as the communities that we serve. A strong economy starts at home.

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Kevin Goldsmith

JPMorgan Chase has been active in Chicago for more than 165 years. We feel a deep commitment to the city. One of the biggest challenges facing communities are housing access and affordability. There just is not enough affordable housing supply, especially on the South and West Sides of Chicago.

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Raul I. Raymundo

We have an incredible vision of building 1,000 homes on the South Side and 1,000 homes on the West Side. This effort's being driven by a larger coalition of institutions. We built this Reclaiming Chicago effort to scale and building it in a way that's affordable.

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Connie

Reclaiming Chicago is one of our long-term grantees, and we're really proud to support their work to create more affordable housing for the West and South sides of Chicago.

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Kevin

Housing is the foundation for opportunity. It creates wealth. It creates economic mobility and stability for local families and the community. It's also catalytic for other investments in the area, such as hospitals and schools.

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Leo

I actually drove to my mother's house. I picked her up. I pulled up to this brand new home, and she thought I was actually working on that house. Nope, this is my house. And she just looked at me and started crying. That was the most exciting moment for me, because she was crying of joy.

00:01:37.351 - 00:02:08.790

Raul

When a family buys a home, they're not just buying a piece of property, they’re buying part of the community. It's not about bricks and mortar. It's not about building homes. It's about building community and building a better city. What we're trying to do in building community is building sustainable long-term homeowners. So it's very important that we build education, financial literacy, making sure these families have the opportunities to remain and build wealth for themselves. JPMorgan Chase has been an incredible partner in rebuilding the city and rebuilding communities, and we're grateful that they're part of this effort.

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Kevin

JPMorgan Chase is a global bank, but we're also a community bank working with local partners.

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Raul: What this community needs is opportunity, it's investment so that they can rebuild not just for themselves, but for the city as a whole.

SUPER: ©2023 JPMorgan Chase & Co. All rights reserved.

A strong economy starts in the neighborhoods where people live. Accessible and affordable housing helps people put down roots, build wealth and support their communities. Yet rising costs and limited housing supply are putting homeownership and housing stability out of reach for many. Through the American Dream Initiative, JPMorganChase is working to expand opportunity by helping increase housing supply, supporting homeownership and scaling local solutions that help the economy work for more people.

Lasting progress starts at the local level. That's why we support organizations with deep roots in their communities and firsthand knowledge of residents’ needs. By working with local organizations and helping build their capacity, we can help advance solutions tailored to local needs and create lasting impact. Watch our video about how our philanthropic support for Reclaiming Chicago is helping create new pathways to homeownership for families across Chicago.

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