JPMorgan Chase has announced over $40 million in new philanthropic funding to help address the shortage of housing supply in the United States. The commitment includes more than $20 million in grants and $20 million in flexible, impact-focused term loans. The funding will go to organizations working on solutions such as innovative construction models, financing strategies, rental unit preservation, and home improvement loans for low- and moderate-income families.
This announcement was made during an Axios Zoom In event held in Atlanta and sponsored by JPMorgan Chase. The event brought together policymakers, business representatives, and community leaders to discuss ways to increase housing supply both locally and nationally. The announcement also comes after the release of a policy brief that highlights state and local policy solutions aimed at increasing housing supply.
The U.S. is currently facing a deficit of up to 5.5 million homes, which is contributing to higher costs, limited worker mobility, pressure on local businesses, and reduced consumer spending in communities across the country. JPMorgan Chase stated its commitment to supporting an affordable and stable housing market through business lending, equity investments, research, policy work, and philanthropy.
The company’s broader housing strategy has supported the creation or preservation of more than 85,000 affordable housing units over the past five years. JPMorgan Chase says it will continue to tailor its philanthropic funding based on lessons learned so far.
“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 at 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.”
Emily Thaden, CEO of ROC USA—a client and grantee—said: “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. 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.”
Shaun Donovan, President & CEO of Enterprise Community Partners added: “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. 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.”
In addition to this philanthropic effort, JPMorgan Chase reported it has provided over $5 billion in debt and equity for affordable housing during the first three quarters of 2025 through its Commercial Real Estate and Tax-Oriented Investment businesses. This financing is expected to create or preserve nearly 39,000 affordable units across the country. Since 2021, the firm says it has helped create or preserve more than 410,000 affordable units nationwide with over $50 billion invested.
Michelle Herrick, Head of Commercial Real Estate for J.P. Morgan said: “An affordable and resilient housing market is essential to driving economic growth and opportunity. 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.”
JPMorgan Chase’s PolicyCenter also works on federal, state, and local policies aimed at boosting supply as well as improving access and affordability for homeowners. Earlier this year two proposals backed by JPMorgan Chase were enacted: strengthening Low Income Tax Credit (LIHTC) provisions as well as making permanent New Markets Tax Credit (NMTC). This month a new brief was published focusing on reducing regulatory barriers such as land use rules or permitting requirements.
JPMorgan Chase & Co., headquartered in the United States with global operations (NYSE: JPM), had assets totaling $4.6 trillion as of September 30th 2025.
A full list of grant recipients includes national organizations like Enterprise Community Partners ($3.1 million), Grounded Solutions Network ($500K), Lincoln Institute of Land Policy ($200K), National Housing Trust ($500K), ROC USA LLC ($1M), Stewards of Affordable Housing for the Future ($1.5M), The Housing Partnership Network ($800K), among others; plus numerous local grants awarded across various states including Florida’s Ability Housing Inc., South Carolina’s Coastal Community Foundation; California-based Century Affordable Development Inc., East LA Community Corporation (ELACC), Linc Housing; Texas’ Come dream come build; Chicago’s Civic Consulting Alliance; Miami Homes For All Inc.; Seattle Foundation; Washington D.C.’s Coalition (formerly CNHED); Sacramento’s Unseen Heroes for Creative Community Development; Jacksonville’s United Way; New Orleans’ Xavier University; as well as loan recipients NYCEEC ($10M multi-market), ROC USA Capital ($5M multi-market) and SELF ($5M Florida/Southeast).