From startups to legacy brands, you're making your mark. We're here to help.
Key Links
Prepare for future growth with customized loan services, succession planning and capital for business equipment.
Key Links
Institutional Investing
Serving the world's largest corporate clients and institutional investors, we support the entire investment cycle with market-leading research, analytics, execution and investor services.
Key Links
Providing investment banking solutions, including mergers and acquisitions, capital raising and risk management, for a broad range of corporations, institutions and governments.
Key Links
A uniquely elevated private banking experience shaped around you.
Whether you want to invest on your own or work with an advisor to design a personalized investment strategy, we have opportunities for every investor.
Explore a variety of insights.
Key Links
Insights by Topic
Explore a variety of insights organized by different topics.
Key Links
Insights by Type
Explore a variety of insights organized by different types of content and media.
Key Links
We aim to be the most respected financial services firm in the world, serving corporations and individuals in more than 100 countries.
Key Links
The New Markets Tax Credit (NMTC) equity market is strong and appears set to remain so, according to members of an Investor Outlook panel at the Novogradac 2021 Fall New Markets Tax Credit Conference.
“I expect 2022 to look similar to this year [surpassing the original goal],” said En Jung Kim, executive director of New Markets Tax Credit for Community Development Banking at JPMorgan Chase. “Outside of the traditional national NMTC investors we are seeing regional investors showing interest. How much of that investment gets absorbed into the $5 billion allocation will largely determine where we land. We certainly have the appetite for it.”
Panelists said that investors are interested in myriad types of developments, but that health care and other job-creating properties are very popular.
“Last year, a lot of health care projects were supported, which is not surprising because of the pandemic,” said Kim. “We’re also hearing about CDEs [Community Development Entities] that are very focused on job growth. Health care is a great story, great impact and great jobs, so there’s very strong interest—especially in rural areas and underserved states.”
Over the past few years, investors increased emphasis on social impact. Panelists said that affected investments.
“At the end of last year, we implemented a special purpose credit program with a racial equity component,” said Kim. “As part of that component, in addition to supporting high-impact NMTC projects, we’re focused on doing more CDFI [Community Development Financial Institutions] investing.”
Panelists concluded their discussion by providing counsel to qualified active low-income community businesses, the recipients of NMTC financing. The main point: Maximize your options.
Brad Elphick, the panel moderator, Novogradac partner and the head of the New Markets Tax Credit working group, said more is better.
“You don’t just shop to one CDE and hope they get an allocation,” said Elphick. “The success rate last time was at about 50%, so a lot of great CDEs didn’t get allocations.”
Adapted with permission from “NMTCs Equity Market Strong Heading into 2022, Novogradac Panelists Say,” Brad Stanhope, Novogradac Journal of Tax Credits, December 2021
Real Estate
Expanding affordable housing via agency lending
Dec 04, 2023
John Hofmann, Head of Agency Production, explains why off-balance-sheet financing is key to the future of affordable housing.
Real Estate
What’s driving neighborhood retail’s success
Dec 01, 2023
As many employees continue working hybrid schedules, retail centers in densely populated urban and suburban areas are seeing a jump in sales—regardless of market conditions.
Real Estate
Your guide to buying a home
Nov 29, 2023
Whether you’re a novice or you’re experienced in the home-buying market, here are some things to think about as you move forward in the process.
Real Estate
When will the crisis in U.S. housing affordability end – and how?
Nov 21, 2023
We think rising incomes can break the U.S. housing market’s logjam nationally in about 3.5 years – but for large cities, we see an average of over five years. Here’s why.
2:45 - Real Estate
Sole purpose: An old shoe factory is helping grow a neighborhood
Nov 16, 2023
The Fortress has been a fixture in Milwaukee for over a century. And thanks to the Historic Tax Credit program, it’s ready for its next chapter.
Real Estate
Taking a responsible approach to permanent supportive housing
Nov 15, 2023
From coast to coast, JPMorgan Chase works with developers and managers doing permanent supportive housing right.
Real Estate
Tackling New York City’s housing crisis one unit at a time
Nov 14, 2023
Concern Housing and JPMorgan Chase are working hand in hand to provide affordable, supportive housing to the city’s most vulnerable.
Real Estate
Meet the people behind Community Development Banking’s investments
Nov 08, 2023
JPMorgan Chase Community Development Banking ties financial value to social impact—no matter how complex the project. See how our work directly impacts Community Development Financial Institutions and their funding recipients.
You're now leaving J.P. Morgan
J.P. Morgan’s website and/or mobile terms, privacy and security policies don’t apply to the site or app you're about to visit. Please review its terms, privacy and security policies to see how they apply to you. J.P. Morgan isn’t responsible for (and doesn’t provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan name.