Meet the people behind Community Development Banking’s investments

Side note:

Soft uplifting music plays.

Text on screen:

Toni Farmer-Thompson Ph.D., Co-Founder, President, and CEO, Foresight Foundation for Economic Equity.

Increasing capital for Black communities.

Logos:

J.P.Morgan. Chase.

Text on screen:

September 11th, 2001, was a turning point for many Americans, including Toni Farmer-Thompson. That's when she left Wall Street to dedicate her career to closing the racial wealth gap. May 25th 2020 - the date George Floyd was murdered- was also pivotal for Farmer-Thompson. May 25th 1975 was the date her father was killed.

On screen:

A Black woman with long hair and pearl earrings, Toni Farmer-Thompson, speaks from her office.

Text on screen:

Toni Farmer-Thompson Ph.D., Co-Founder, President, and CEO, Foresight Foundation for Economic Equity.

Toni:

I felt like it was God calling me to lean in and engage differently.

Text on screen:

After hearing about Raza Development Fund's work, she became interested in making a similar impact.

Toni:

And I said, “Can we analyze what the greatest, most impactful levers would be if we were going to take on a project and try to have the impact that Raza has? What is it that the Black community would need?”

On screen:

A montage shows Dr. Farmer-Thompson filling out a document while speaking with an associate on her mobile phone.

Text on screen:

She learned that providing capital to Black-owned businesses was the answer. With help from Raza, Farmer-Thompson launched the Foresight Foundation for Economic Equity.

Toni:

You can have a dream, but unless there is someone there to help you execute, it's pretty difficult to get to where you know you need to go.

On screen:

Dr. Farmer-Thompson walks through a hallway, speaking with a leader of Raza, a Community Development Financial Institution.

Toni:

We've been able to obtain grants. We have been able to attract just under 100 businesses.

On screen:

In a spacious conference room, Dr. Farmer-Thompson reviews documents and then shakes hands with Raza Development Fund executives.

Toni:

We have been able to deploy capital already. Through these efforts, we can create a virtuous cycle. We can get capital to these businesses, they can employ more people, they can get greater contracts, they can work with larger businesses. And we as a community can thrive.

On screen:

Dr. Farmer-Thompson smiles warmly.

Text on screen:

Toni Farmer-Thompson Ph.D., Co-Founder, President, and CEO, Foresight Foundation for Economic Equity.

Increasing capital for Black communities.

Logos:

J.P.Morgan. Chase.

Side note:

Legal disclosures appear.

Text on screen:

Equal Housing Lender.

Chase, J.P. Morgan, and JPMorgan Chase are marketing names for certain businesses of JPMorgan Chase & Co. and its affiliates and subsidiaries worldwide (collectively, “JPMC”, “We”, “Our” or “Us”, as the context may require). We prepared these materials for discussion purposes only and for your sole and exclusive benefit. This information is confidential and proprietary to our firm and may only be used by you to evaluate the products and services described here. You may not copy, publish, disclose or use this information for any other purpose unless you receive our express authorization.

These materials do not represent an offer or commitment to provide any product or service. In preparing the information, we have relied upon, without independently verifying, the accuracy and completeness of publicly available information or information that you have provided to us. Our opinions, analyses and estimates included here reflect prevailing conditions and our views as of this date. These factors could change, and you should consider this information to be indicative, preliminary and for illustrative purposes only. This information is provided as general market and/or economic commentary. It in no way constitutes research and should not be treated as such.

The information is not advice on legal, tax, investment, accounting, regulatory, technology or other matters. You should always consult your own financial, legal, tax, accounting, or similar advisors before entering into any agreement for our products or services. In no event shall JPMorgan Chase or any of its directors, officers, employees or agents be liable for any use of, for any decision made or action taken in reliance upon or for any inaccuracies or errors in, or omissions from, the information in this material.

The information does not include all applicable terms or issues and is not intended as an offer or solicitation for the purchase or sale of any product or service. Our products and services are subject to applicable laws and regulations, as well as our service terms and policies. Not all products and services are available in all geographic areas or to all customers. In addition, eligibility for particular products and services is subject to satisfaction of applicable legal, tax, risk, credit and other due diligence, JPMorgan Chase’s “know your customer,” anti-money laundering, anti-terrorism and other policies and procedures.

Products and services may be provided by Commercial Banking affiliates, securities affiliates or other JPMC affiliates or entities. In particular, securities brokerage services other than those that can be provided by Commercial Banking affiliates will be provided by appropriate registered broker/dealer affiliates, including J.P. Morgan Securities LLC and J.P. Morgan Institutional Investments Inc. Any securities provided or otherwise administered by such brokerage services are not deposits or other obligations of, and are not guaranteed by, any Commercial Banking affiliate and are not insured by the Federal Deposit Insurance Corporation.

JPMorgan Chase Bank, N.A. Member FDIC.
Copyright 2022 JPMorgan Chase & Co. All rights reserved.

END

Side note:

Soft piano music plays.

Text on screen:

Melissa McDonald, Chief Operating Officer, Raza Development Fund.

Finding Her Purpose.

Logos:

J.P.Morgan. Chase.

Text on screen:

McDonald's family moved frequently, so she grew up in various countries across North and South America.

On screen:

A woman with long black hair, brown eyes, and glasses, Melissa McDonald, speaks from her office.

Text on screen:

Melissa McDonald, Chief Operating Officer, Raza Development Fund.

Melissa:

Uma was the lady that helped us with the cooking and the house. I think of her often as my second mom. She taught us so much.

On screen:

Family photos show Ms. McDonald as a little girl holding a balloon, writing on a piece of paper, and smiling for a school picture.

Melissa:

If you have dignity, love, and hope, if you've got those foundations, now how do we come together as one community and help each other and lift each other up? And I am so lucky to have grown up in that way and not even knowing that those were the lessons I was being taught.

Text on screen:

Melissa's career path took her from human resources to law school before she found Raza Development Fund.

Melissa:

I fell in love, with the organization, with the people, and with Tom, really. I got to learn the business from the ground up.

On screen:

A montage shows Ms. McDonald working at Raza Development Fund: attending an executive meeting in a large conference room, speaking with an office worker at her reception desk, and giving a warm hug to the organization's kindly Co-Founder, Tom Espinoza.

Melissa:

The team was so incredibly generous, like teaching me everything.

On screen:

A montage shows Ms. McDonald at a large white board with Mr. Espinoza, a man with silver hair, brown eyes and a mustache. Mr. Espinoza draws on a diagram labeled: "Internal process board report."

Melissa:

And then, I got to go out and visit these projects that we were doing, right? I got to meet with program managers, with the moms and the dads who had the kids at the daycare services, spend a day out there talking to them. When you come back, then you take all of that passion, you take all of that potential, and you apply it to what you learned on the business side. And you get to tell the story of this beautiful community and the organization that makes it work.

On screen:

Ms. McDonald works in her bright, spacious office, typing on her desktop computer. Ms. McDonald and three colleagues attend a meeting in a conference room, displaying religious art on the wall. A large monitor shows virtual meeting participants on a four-way split screen.

Melissa:

It's just amazing to be able to be here and to have witnessed and grow for the last 10 years, see children grow up, be part of the extended family.

On screen:

Ms. McDonald speaks with a smiling woman in an airy comfortable workspace, with potted plants at her computer desk.

Melissa:

This is the future we're investing in. We've seen this time and time and time again. We pretty much get repaid through the life of RDF. We have less than 1% loss rate. Our community, the Latino community, the migrant community, is worth the investment.

On screen:

Ms. McDonald smiles. She stands in front of a wall-sized mural displaying logos for Raza Development Fund and PAZ: Promise Arizona.

Text on screen:

Melissa McDonald, Chief Operating Officer, Raza Development Fund.

Finding Her Purpose.

Logos:

J.P.Morgan. Chase.

Side note:

Legal disclosures appear.

Text on screen:

Equal Housing Lender.

Chase, J.P. Morgan, and JPMorgan Chase are marketing names for certain businesses of JPMorgan Chase & Co. and its affiliates and subsidiaries worldwide (collectively, “JPMC”, “We”, “Our” or “Us”, as the context may require). We prepared these materials for discussion purposes only and for your sole and exclusive benefit. This information is confidential and proprietary to our firm and may only be used by you to evaluate the products and services described here. You may not copy, publish, disclose or use this information for any other purpose unless you receive our express authorization.

These materials do not represent an offer or commitment to provide any product or service. In preparing the information, we have relied upon, without independently verifying, the accuracy and completeness of publicly available information or information that you have provided to us. Our opinions, analyses and estimates included here reflect prevailing conditions and our views as of this date. These factors could change, and you should consider this information to be indicative, preliminary and for illustrative purposes only. This information is provided as general market and/or economic commentary. It in no way constitutes research and should not be treated as such.

The information is not advice on legal, tax, investment, accounting, regulatory, technology or other matters. You should always consult your own financial, legal, tax, accounting, or similar advisors before entering into any agreement for our products or services. In no event shall JPMorgan Chase or any of its directors, officers, employees or agents be liable for any use of, for any decision made or action taken in reliance upon or for any inaccuracies or errors in, or omissions from, the information in this material.

The information does not include all applicable terms or issues and is not intended as an offer or solicitation for the purchase or sale of any product or service. Our products and services are subject to applicable laws and regulations, as well as our service terms and policies. Not all products and services are available in all geographic areas or to all customers. In addition, eligibility for particular products and services is subject to satisfaction of applicable legal, tax, risk, credit and other due diligence, JPMorgan Chase’s “know your customer,” anti-money laundering, anti-terrorism and other policies and procedures.

Products and services may be provided by Commercial Banking affiliates, securities affiliates or other JPMC affiliates or entities. In particular, securities brokerage services other than those that can be provided by Commercial Banking affiliates will be provided by appropriate registered broker/dealer affiliates, including J.P. Morgan Securities LLC and J.P. Morgan Institutional Investments Inc. Any securities provided or otherwise administered by such brokerage services are not deposits or other obligations of, and are not guaranteed by, any Commercial Banking affiliate and are not insured by the Federal Deposit Insurance Corporation.

JPMorgan Chase Bank, N.A. Member FDIC.
Copyright 2022 JPMorgan Chase & Co. All rights reserved.

END

Side note:

Soft guitar music plays.

Text on screen:

Anastacia Europa, Chief Operating Officer, Espiritu Schools.

Educating in the endzone.

Logos:

J.P.Morgan. Chase.

Text on screen:

NFL Youth Education Town College Prep Academy is a charter school focused on developing international servant leaders.

On screen:

A woman with long brown hair and brown eyes, Anastacia Europa, speaks from an office.

Text on screen:

Anastacia Europa, Chief Operating Officer, Espiritu Schools.

Anastacia:

Our school started in the mid-nineties, it was called Esperanza Montessori.

On screen:

A photo shows Esperanza Montessori's spacious white interior with high ceilings and a large reception desk.

Anastacia:

And during that time in South Phoenix, Arizona, there was a lot of violence and gang activity. My father, Armando Ruiz, and Thomas Espinoza, they’re leaders and they knew they had to step up and do something about it.

On screen:

A photo shows Thomas Espinoza and Armando Ruiz at a formal event with other community leaders.

Text on screen:

As Espinoza and Ruiz worked to make their vision of a servant leadership school a reality, a rare opportunity presented itself.

Anastacia:

Super Bowl 30 was coming to Arizona, and they were putting together youth education towns. Our school applied, Tom helped to champion that.

On screen:

Aerial views show the modern inter-connected buildings and geometric-styled facades of the Youth Education Town complex. It features outdoor parking areas, a building marked "Peggy Ruiz Gymnasium," and a large sign reading "222 - NFL Youth Education Town. Yet." Ms. Europa walks through a Raza Development Fund hallway with Thomas Espinoza, a mature man with salt-and-pepper hair.

Anastacia:

They went before the Super Bowl committee and they were selected. And that's how Esperanza Montessori became NFL Yet College Prep Academy.

On screen:

A sign at the entrance of a contemporary styled white building reads: "NFL Yet College Prep Academy."

Text on screen:

To date, Espiritu Schools has expanded to three schools across two campuses serving more than 1000 students in grades K-12.

Anastacia:

Our school focuses on forming the whole person. We focus on international servant leaders.

On screen:

A hand-written sign reads "Future Servant Leaders!"

Anastacia:

And so every year, we send a group of students to Peru to open their world and opportunities that they wouldn't have otherwise.

On screen:

Images of the ancient ruins of Peru, with spectacular green mountains on the horizon. The students stand together, wearing colorful traditional Peruvian clothing.

Anastacia:

For our students, we believe that they're the masters of their destiny.

On screen:

Nine students sit together in a class with a wall-sized mural, showing a city surrounded by nature. Nine students sit together in a class with a wall-sized mural, showing a city surrounded by nature.

Anastacia:

If we give them tools and the training and the support, they'll go out in the world, they will change their communities, and they will become international servant leaders. And we wouldn't be able to do that without Raza.

On screen:

Ms. Europa smiles, standing in front of the Youth Education Town reception desk. Above her, a large sign reads: "Faith, Hope, (and) Charity."

Text on screen:

Educating in the Endzone - with Anastacia Europa, Chief Operating Officer,  Espiritu Schools.

Logos:

J.P.Morgan. Chase.

Side note:

Legal disclosures appear.

Text on screen:

Equal Housing Lender.

Chase, J.P. Morgan, and JPMorgan Chase are marketing names for certain businesses of JPMorgan Chase & Co. and its affiliates and subsidiaries worldwide (collectively, “JPMC”, “We”, “Our” or “Us”, as the context may require). We prepared these materials for discussion purposes only and for your sole and exclusive benefit. This information is confidential and proprietary to our firm and may only be used by you to evaluate the products and services described here. You may not copy, publish, disclose or use this information for any other purpose unless you receive our express authorization.

These materials do not represent an offer or commitment to provide any product or service. In preparing the information, we have relied upon, without independently verifying, the accuracy and completeness of publicly available information or information that you have provided to us. Our opinions, analyses and estimates included here reflect prevailing conditions and our views as of this date. These factors could change, and you should consider this information to be indicative, preliminary and for illustrative purposes only. This information is provided as general market and/or economic commentary. It in no way constitutes research and should not be treated as such.

The information is not advice on legal, tax, investment, accounting, regulatory, technology or other matters. You should always consult your own financial, legal, tax, accounting, or similar advisors before entering into any agreement for our products or services. In no event shall JPMorgan Chase or any of its directors, officers, employees or agents be liable for any use of, for any decision made or action taken in reliance upon or for any inaccuracies or errors in, or omissions from, the information in this material.

The information does not include all applicable terms or issues and is not intended as an offer or solicitation for the purchase or sale of any product or service. Our products and services are subject to applicable laws and regulations, as well as our service terms and policies. Not all products and services are available in all geographic areas or to all customers. In addition, eligibility for particular products and services is subject to satisfaction of applicable legal, tax, risk, credit and other due diligence, JPMorgan Chase’s “know your customer,” anti-money laundering, anti-terrorism and other policies and procedures.

Products and services may be provided by Commercial Banking affiliates, securities affiliates or other JPMC affiliates or entities. In particular, securities brokerage services other than those that can be provided by Commercial Banking affiliates will be provided by appropriate registered broker/dealer affiliates, including J.P. Morgan Securities LLC and J.P. Morgan Institutional Investments Inc. Any securities provided or otherwise administered by such brokerage services are not deposits or other obligations of, and are not guaranteed by, any Commercial Banking affiliate and are not insured by the Federal Deposit Insurance Corporation.

JPMorgan Chase Bank, N.A. Member FDIC.
Copyright 2022 JPMorgan Chase & Co. All rights reserved.

END

Text on screen:

Creating and preserving affordable housing in South LA.

Mark Wilson, President and CEO, Coalition for Responsible Community Development.

Logos:

J.P. Morgan.

Chase..

Text on screen:

The 1992 LA Riots prompted Mark Wilson to focus on economic and housing inequality in his neighborhood, South Los Angeles. In 2005, Wilson co-founded the  Coalition for Responsible Community Development (CRCD) to help Black, Hispanic, and Latino young adults.

On screen:

Mark, a man with short hair, a short goatee, and brown eyes.

Text on screen:

Mark Wilson, President and CEO, Coalition for Responsible Community Development.

Mark:

Recently, with the COVID 19 pandemic, there was a vacuum of services that were not being implemented and the rapid pace that it needed to at that time.

On screen:

Signs in store windows read: "Closed. Going out of business" and "Sorry we're closed." A diverse group of people (all wearing protective face masks) fill out applications.

Text on screen:

CRCD offers hundreds of services to help the community's low-income and working class residents and small businesses. During the COVID-19 pandemic, these vulnerable groups were hit particularly hard.

Mark:

And some of the people that were impacted the most were small business owners who happen to own small apartment buildings.

On screen:

Finance specialists meet with small business owners and real estate executives.

Mark:

So we partnered with Enterprise Partners to create the Local Renters Owner Collaborative, which is called LROC.

Text on screen:

LROC has helped maintain their properties without evicting tenants during the pandemic. To date, LROC has supported 193 units across 67 buildings.

Mark:

And that impacted the lives of more than 125 residents in South L.A.

On screen:

A montage shows LROC representatives meeting with young Black and Latinx tenants.

Mark:

And without that partnership, without those resources, those would have been 125 families that may have found themselves on the streets of Los Angeles. And so we continue to think about innovative projects like this that we can bring to Enterprise Community Partners to figure out ways to not only invest in us with capital, but also grant funding that can support programs like LROC.

On screen:

Mr. Wilson speaking and shaking hands with a construction worker, wearing a hard hat.

Mark:

Where partners like Enterprise, they allow us to flexibility so that we can target the population that much needs that housing.

On screen:

Mr. Wilson stands outside a large warehouse.

Text on screen:

Creating and preserving affordable housing in South LA.

Mark Wilson, President and CEO, Coalition for Responsible Community Development.

Logos:

J.P. Morgan.

Chase.

Side note:

Legal disclosures appear.

Text on screen:

Equal Housing Lender.

Chase, J.P. Morgan, and JPMorgan Chase are marketing names for certain businesses of JPMorgan Chase & Co. and its affiliates and subsidiaries worldwide (collectively, “JPMC”, “We”, “Our” or “Us”, as the context may require). [LDM1] We prepared these materials for discussion purposes only and for your sole and exclusive benefit. This information is confidential and proprietary to our firm and may only be used by you to evaluate the products and services described here. You may not copy, publish, disclose or use this information for any other purpose unless you receive our express authorization.

These materials do not represent an offer or commitment to provide any product or service. In preparing the information, we have relied upon, without independently verifying, the accuracy and completeness of publicly available information or information that you have provided to us. Our opinions, analyses and estimates included here reflect prevailing conditions and our views as of this date. These factors could change, and you should consider this information to be indicative, preliminary and for illustrative purposes only. This Information is provided as general market and/or economic commentary. It in no way constitutes research and should not be treated as such.

The information is not advice on legal, tax, investment, accounting, regulatory, technology or other matters. You should always consult your own financial, legal, tax, accounting, or similar advisors before entering into any agreement for our products or services. In no event shall JPMorgan Chase or any of its directors, officers, employees or agents be liable for any use of, for any decision made or action taken in reliance upon or for any inaccuracies or errors in, or omissions from, the information in this material.

The information does not include all applicable terms or issues and is not intended as an offer or solicitation for the purchase or sale of any product or service. Our products and services are subject to applicable laws and regulations, as well as our service terms and policies. Not all products and services are available in all geographic areas or to all customers. In addition, eligibility for particular products and services is subject to satisfaction of applicable legal, tax, risk, credit and other due diligence, JPMorgan Chase’s “know your customer,” anti-money laundering, anti-terrorism and other policies and procedures.

Products and services may be provided by Commercial Banking affiliates, securities affiliates or other JPMC affiliates or entities. In particular, securities brokerage services other than those that can be provided by Commercial Banking affiliates will be provided by appropriate registered broker/dealer affiliates, including J.P. Morgan Securities LLC and J.P. Morgan Institutional Investments Inc. Any securities provided or otherwise administered by such brokerage services are not deposits or other obligations of, and are not guaranteed by, any Commercial Banking affiliate and are not insured by the Federal Deposit Insurance Corporation.

JPMorgan Chase Bank, N.A. Member FDIC.

Copyright 2022 JPMorgan Chase & Co. All rights reserved.

END

Text on screen:

A Place to Call Home - James Jacob and Andrew Rodnan, Tenants, Residences on Main.

Logos:

J.P. Morgan.

Chase.

Text on screen:

James and Andrew have each experienced homelessness and the instability it brings. With help from the Coalition for Responsible Community Development (CRCD), they have a place to call home.

On screen:

An aerial view of Residences on Main, an apartment complex about the size of a city block. Then James, a man with short hair and brown eyes.

Text on screen:

James Jacob, Tenant, Residences on Main.

James:

I moved into the Residences on Main. And to be honest, I wouldn't even be here in this situation, if it wasn't for CRCD.

On screen:

James walks into the lobby of his apartment building and then pushes a button for the elevator.

James:

Ever since I moved in, I've been able to accomplish things, applying for more jobs. When I was homeless, I wasn't really able, you know, to do things right without having a stable living situation. Ever since I moved in, I've just been feeling comfortable.

On screen:

James smiles, standing on his balcony, which overlooks a colorful wall-sized mural.

James.

It's a welcoming, and I just got to say it again, I really thank CRCD for that because I didn't even know about the opportunity.

On screen:

In a Residences on Main hallway, Andrew, a bald man with hazel eyes walks to his apartment mailbox to get his mail.

Andrew:

I would like to express my gratitude toward this stepping stone, allowing me to move forward and work on myself in all aspects.

Text on screen:

Andrew Rodnan, Tenant, Residences on Main.

Andrew:

Since around 14 and 15, I never really had stability until I until I came here. So yeah, I'm very thankful.

Text on screen:

A Place to Call Home - James Jacob and Andrew Rodnan, Tenants, Residences on Main.

Logos:

J.P. Morgan.

Chase.

Side note:

Legal disclosures appear.

Text on screen:

Equal Housing Lender.

Chase, J.P. Morgan, and JPMorgan Chase are marketing names for certain businesses of JPMorgan Chase & Co. and its affiliates and subsidiaries worldwide (collectively, “JPMC”, “We”, “Our” or “Us”, as the context may require). [LDM1] We prepared these materials for discussion purposes only and for your sole and exclusive benefit. This information is confidential and proprietary to our firm and may only be used by you to evaluate the products and services described here. You may not copy, publish, disclose or use this information for any other purpose unless you receive our express authorization.

These materials do not represent an offer or commitment to provide any product or service. In preparing the information, we have relied upon, without independently verifying, the accuracy and completeness of publicly available information or information that you have provided to us. Our opinions, analyses and estimates included here reflect prevailing conditions and our views as of this date. These factors could change, and you should consider this information to be indicative, preliminary and for illustrative purposes only. This Information is provided as general market and/or economic commentary. It in no way constitutes research and should not be treated as such.

The information is not advice on legal, tax, investment, accounting, regulatory, technology or other matters. You should always consult your own financial, legal, tax, accounting, or similar advisors before entering into any agreement for our products or services. In no event shall JPMorgan Chase or any of its directors, officers, employees or agents be liable for any use of, for any decision made or action taken in reliance upon or for any inaccuracies or errors in, or omissions from, the information in this material.

The information does not include all applicable terms or issues and is not intended as an offer or solicitation for the purchase or sale of any product or service. Our products and services are subject to applicable laws and regulations, as well as our service terms and policies. Not all products and services are available in all geographic areas or to all customers. In addition, eligibility for particular products and services is subject to satisfaction of applicable legal, tax, risk, credit and other due diligence, JPMorgan Chase’s “know your customer,” anti-money laundering, anti-terrorism and other policies and procedures.

Products and services may be provided by Commercial Banking affiliates, securities affiliates or other JPMC affiliates or entities. In particular, securities brokerage services other than those that can be provided by Commercial Banking affiliates will be provided by appropriate registered broker/dealer affiliates, including J.P. Morgan Securities LLC and J.P. Morgan Institutional Investments Inc. Any securities provided or otherwise administered by such brokerage services are not deposits or other obligations of, and are not guaranteed by, any Commercial Banking affiliate and are not insured by the Federal Deposit Insurance Corporation.

JPMorgan Chase Bank, N.A. Member FDIC.

Copyright 2022 JPMorgan Chase & Co. All rights reserved.

END

Text on screen:

Conscious community building - Dyane Pascall, Landlord, Los Angeles Local Renter Owners Collaborative.

Logos:

J.P. Morgan.

Chase.

Text on screen:

Dyane Pascall purchased his properties to provide affordable housing in low-income communities amid displacement of residents. But when the pandemic hit, many tenants couldn't pay rent, which strained Pascall's operations.

On screen:

Dyane, a man with brown eyes, a beard, and dreadlocks

Text on screen:

Dyane Pascall, Landlord, Local Renter Owners Collaborative.

Dyane:

It was a tough time because it was like people weren't paying rent. I had you know, people call me and I was I was just being human.

On screen:

A man, holding his head, looks over his bills, in a living room. A family reviews their finances, with a calculator, their credit cards, and a notebook, spread out on a table.

Dyane:

So it's like trying to manage all that stuff, keep it together yourself and respond to the needs of the tenants and all those things. So having a partner in that was very much needed.

Text on screen:

Local Renter Owners Collaborative (LROC) helped fill the financial gap so Pascall could focus on helping his tenants and maintaining his properties.

Dyane:

Those funds not only helped me navigate what I needed to do and also put myself in good standing with my tenants is like just putting people in a place where they're a little bit at ease as much as one can be, while we're figuring this out.

On screen:

Mr. Pascall walks down a neighborhood block. He wears a sweatshirt reading: "Trap Heals."

Dyane:

And so since then, we've been very useful. The paying of the back rent but more importantly, will help people where they are at now.

On screen:

Outside one of his properties, Mr. Pascall shakes his tenant's hand and gives him a friendly hug.

Dyane:

And then building out hopefully, a bigger vision of how do we get capital funds to the local mom-and-pop folks, nonprofit folks, so that we can have a bigger say in our communities and how they're shaped.

On screen:

Mr. Pascall, his tenant, and three other community members stand together outside a neighborhood house.

Text on screen:

Conscious community building - Dyane Pascall, Landlord, Los Angeles Local Renter Owners Collaborative

Logos:

J.P. Morgan.

Chase.

Side note:

Legal disclosures appear.

Text on screen:

Equal Housing Lender.

Chase, J.P. Morgan, and JPMorgan Chase are marketing names for certain businesses of JPMorgan Chase & Co. and its affiliates and subsidiaries worldwide (collectively, “JPMC”, “We”, “Our” or “Us”, as the context may require). [LDM1] We prepared these materials for discussion purposes only and for your sole and exclusive benefit. This information is confidential and proprietary to our firm and may only be used by you to evaluate the products and services described here. You may not copy, publish, disclose or use this information for any other purpose unless you receive our express authorization.

These materials do not represent an offer or commitment to provide any product or service. In preparing the information, we have relied upon, without independently verifying, the accuracy and completeness of publicly available information or information that you have provided to us. Our opinions, analyses and estimates included here reflect prevailing conditions and our views as of this date. These factors could change, and you should consider this information to be indicative, preliminary and for illustrative purposes only. This Information is provided as general market and/or economic commentary. It in no way constitutes research and should not be treated as such.

The information is not advice on legal, tax, investment, accounting, regulatory, technology or other matters. You should always consult your own financial, legal, tax, accounting, or similar advisors before entering into any agreement for our products or services. In no event shall JPMorgan Chase or any of its directors, officers, employees or agents be liable for any use of, for any decision made or action taken in reliance upon or for any inaccuracies or errors in, or omissions from, the information in this material.

The information does not include all applicable terms or issues and is not intended as an offer or solicitation for the purchase or sale of any product or service. Our products and services are subject to applicable laws and regulations, as well as our service terms and policies. Not all products and services are available in all geographic areas or to all customers. In addition, eligibility for particular products and services is subject to satisfaction of applicable legal, tax, risk, credit and other due diligence, JPMorgan Chase’s “know your customer,” anti-money laundering, anti-terrorism and other policies and procedures.

Products and services may be provided by Commercial Banking affiliates, securities affiliates or other JPMC affiliates or entities. In particular, securities brokerage services other than those that can be provided by Commercial Banking affiliates will be provided by appropriate registered broker/dealer affiliates, including J.P. Morgan Securities LLC and J.P. Morgan Institutional Investments Inc. Any securities provided or otherwise administered by such brokerage services are not deposits or other obligations of, and are not guaranteed by, any Commercial Banking affiliate and are not insured by the Federal Deposit Insurance Corporation.

JPMorgan Chase Bank, N.A. Member FDIC.

Copyright 2022 JPMorgan Chase & Co. All rights reserved.

END