Commercial Real Estate
Community Development Banking’s record-breaking 2021
Alice Carr, Head of Community Development Banking at JPMorgan Chase, spoke with Commercial Observer about the firm’s affordable housing and racial equity investments.
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