Commercial Real Estate
How California used the American Rescue Plan to fund affordable housing
Cécile Chalifour, West Regional Manager, Community Development Banking, spoke with Affordable Housing Finance about California’s accelerator program and the firm’s role in it.
It's no secret California has a major affordable housing crisis—some projects underwritten by the state still can't get funding due to the lack of public resources.
Cécile Chalifour, West Regional Manager, Community Development Banking, spoke to Affordable Housing Finance about how the state and stakeholders across the industry used American Rescue Plan funds to create an accelerator program for those projects. The conversation touched on multiple topics, including:
- JPMorgan Chase's role in the accelerator program
- The impact of community development projects funded through the program
- How the program could serve as a template for other states
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