There’s no city or state in the U.S. with an adequate affordable housing supply. That’s why, as part of its Racial Equity Commitment, JPMorgan Chase made a commitment to provide $14 billion in new loans, equity investments and other financing to expand affordable housing in underserved communities by 100,000 units.
A key part of that effort is the Affordable Housing Preservation Program, which offers a pricing incentive to qualified property owner/operators who keep their rents affordable.
Kurt Stuart, Director, Commercial Term Lending Northeast, JPMorgan Chase, spoke with Commercial Observer about the program’s goals and progress.
