Community Development Banking’s record-breaking 2021

After a record-breaking year, Alice Carr, Head of Community Development Banking at JPMorgan Chase, talked to Commercial Observer about the current affordable housing landscape. She also discussed the firm’s investments, which included:  

• $3.8 billion in affordable housing construction and permanent loans to create 18,585 affordable rental units
• $2.1 billion in Historic Tax Credit Qualified Rehabilitation Expenses
• $578 million in New Markets Tax Credit Qualified Equity Investments
• $382 million in Community Development Financial Institution financing

The Q&A’s other topics included:

• The role of players outside the industry who stepped into commercial real estate
• Potential impacts of the recently passed infrastructure bill
• How the firm is using Low-Income Housing Tax Credits