Collaboration is critical to fighting the affordable housing crisis. JPMorgan Chase works with public and private entities to increase the housing supply. But many of the firm’s internal groups also work together. Take, for example, Tax Oriented Investments and Community Development Real Estate.
"Affordable housing transactions are complex. If we can make it easier on our clients by providing debt and equity under the JPMorgan Chase umbrella, we do."
Vince Toye
Head of Community Development Banking and Agency Lending, JPMorgan Chase
Mark McCann, Managing Director of Tax Oriented Investments, and Vince Toye, Head of Community Development Banking and Agency Lending, spoke with Commercial Observer about how the two groups work together to create holistic financing solutions for the firm’s clients. The pair discussed topics ranging from the importance of both debt and equity on Low Income Housing Tax Credit (LIHTC) developments to the complex financial structures often needed to create affordable housing.
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