JPMorgan Chase Pledges $750 Billion to Boost US Housing Supply
JPMorgan Chase is investing $750 billion in increasing U.S. housing supply and homeownership through 2035.
The bank's American Dream Initiative aims to finance 1 million affordable housing units and assist 500,000 people in buying homes, including 200,000 first-time homebuyers.
This investment represents a 40% increase in JPMorgan Chase's housing capital deployment compared to the previous 10 years.