JPMorgan Chase announced a three-year, $5 million commitment to support the Open Air Economy Collaborative, a partnership of local community organizations including Inclusive Action for the City (IAC), California Reinvestment Coalition (CRC), Public Counsel, and East LA Community Corporation (ELACC).
Are you considering buying your first home, but unsure where to start? Purchasing a home is one of the biggest financial decisions a person can make, and the path to ownership may feel confusing for many first-time buyers. Thankfully, it doesn’t have to be. Chase bank can help you navigate the homebuying process so getting the keys to your first home may be closer than you think.
“All Americans deserve equitable access to affordable housing and the physical, emotional and financial security it represents,” said Lisa Rice, CEO, National Fair Housing Alliance. “JPMorgan Chase’s new commitments will help make owning or renting a reality for more Black and Latinx families, whose housing access has been impeded by decades of systemic racism and are now disproportionately affected by the impact of COVID-19. Addressing the affordability crisis, now overlaid with the pandemic, will require many players on many fronts, and these commitments are concrete, meaningful steps in the right direction.”
As executive director of Community Development Banking for JPMorgan Chase, Malcolm A. Johnson leads the company’s initiatives to assist residents, businesses, schools and nonprofits.