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Bernice 'Bunny' Girshick:

How old am I now? Ninety. So I have 10 more years. You're all invited to my 100th birthday.

[laughter]

[upbeat music]

Karen Kelleher:

Boston is row houses and great academic institutions and great sports, but it is also so much more. It is a really diverse community of many neighborhoods. BlueHub Loan Fund works to create communities where people can thrive. And we do that by investing in organizations and people, developers who are creating affordable housing, healthcare, educational facilities, arts and culture facilities. BlueHub was really happy to be able to make an investment in Franklin Cummings Tech, which is an amazing organization.

Dr. Marvin Loiseau:

Franklin Cummings Tech is a two-year private nonprofit technical college. We are serving a community of students who would be overlooked.

Kevin Hepner:

When Franklin Cummings Tech first opened its doors in 1908, its first program was internal combustion engine to train individuals to repair this new thing called the automobile. The decision for the new campus started more than 10 years ago. The best path forward was to move it to a space where it was closer to the students it served, closer to transportation hub, and could better meet the needs of the future.

Dr. Marvin Loiseau:

It really is a very student-centered building that allows us to provide that educational space to be able to learn and grow and interact with each other and form lasting relationships.

Richard Caines III:

City Fresh Foods, we're a food service provider. We do food for seniors for home-delivered meals. We also do for schools. Anywhere that someone needs to have a healthy, nutritious, delicious meal is where we try to be. If you don't know where your next meal is coming from, that changes your whole thought process on what your life is about or what your next move in life is. There's links between nutrition and learning, nutrition obviously in health, and everyday life.

[clapper claps]

Bernice 'Bunny' Girshick:

Bernice, oh, I do Bernice Girshick, take one.

I've lived at the apartment complex for over 65 years, since I moved to Newton in 1965. I love the location. It's close to Boston, it's close to the city, but it's in the country and I love the country because I grew up on a farm. The grounds are absolutely beautiful with flowers and everything and there are many animals, the rabbits and the squirrels, and I even saw a baby possum one time outside. It just makes my life feel better because I'm just so happy there. If these walls could talk, they would say, "Friendship."

Richard Caines III:

They would say, "Community."

Kevin Hepner:

They would say, "Change."

Dr. Marvin Loiseau:

They would say, "Success."

Karen Kelleher:

If these walls could talk, they would say, "Foundation," because education, healthcare, all of these facilities are the foundation on which people build a home and a thriving life.

Narrator:

J.P. Morgan Community Development Banking understands that the buildings we invest in are more than just four walls. They are you. They are us. They are Boston.

END

Boston—a hub for leading universities and life sciences research—has one of the highest median household incomes among major U.S. metropolitan areas.1 Even so, affordable housing is a persistent challenge. For quite some time, roughly half of renters across the five-county Greater Boston area have been cost-burdened, spending more than 30% of their income on housing.2

Since 2016, Community Development Banking has provided more than $220 million in financing for Boston organizations, helping create opportunities for residents and ease the affordable housing shortage, including:  

  • $172 million to develop and finance 742 affordable rental homes
  • $47 million in New Markets Tax Credit equity for schools, food access, health centers and other facilities that provide essential community services
  • $4 million in Historic Tax Credit equity to preserve historic buildings, while adapting them for new uses

It’s one piece of the firm’s growing investment in Boston and the surrounding region. We’ve opened more than 95 Chase branches in Massachusetts since 2018 and signed on to sponsor an iconic Boston sporting event, the Head of the Charles Regatta. Our investments in the region are here to stay: JPMorganChase is making Boston's newly constructed South Station Tower its new home, with plans to add more than 300 new jobs in the coming years.

“Whether it's a senior citizen moving into stable housing, a family opening their first bank account, a small business seeking to grow or a global company choosing where to invest, we're here to meet the needs of communities and help drive Boston’s ongoing success.”

 


Hear directly from Boston residents shaped by these investments—and the people behind them. 

The walls are talking across the country.

          

JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/commercial-banking/legal-disclaimer for disclosures and disclaimers related to this content.

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