JPMorganChase Boosts Atlanta’s Housing Future with New $3.75 Million Philanthropic Contribution

JPMorganChase is expanding its commitments to increase housing supply and support greater housing affordability in Atlanta through $3.75 million in philanthropic contributions to five organizations: Atlanta Neighborhood Development Partnership (ANDP), Community Foundation for Greater Atlanta, Westside Future Fund, National Community Stabilization Trust and Local Initiatives Support Corporation (LISC) Atlanta. The contributions also aim to address heirs property challenges, which is a property rights issue that presents significant barriers to homeownership and generational wealth building.“Fostering healthy, resilient communities is central to our business strategy, and creating wealth-building opportunities is a key component of that vision,” said Tim Berry, Global Head of Corporate Responsibility at JPMorganChase. “In partnership with non-profit organizations and policymakers, we are proud to leverage our business and philanthropic resources to scale housing affordability programs and address the supply shortage. Increasing affordable housing supply is crucial, especially in underserved communities where rising costs and low supply prevent many qualified buyers from entering the market. Today’s commitment is part of our comprehensive effort to tackle this issue in Atlanta and promote economic growth. These grants will support innovative solutions, focusing on sustainable homeownership and community revitalization.”In 2022, JPMorganChase made a $2.5 million commitment to ANDP to help scale the organization’s...