JPMorganChase Helps Expand Access to Affordable Housing in Chicago’s South and West Sides with Multimillion Dollar Commitment

Latest Current Topics

Lifestyle / Latest Current Topics 57 Views 0 comments

& Illinois Governor J.B. Pritzker joins Kevin Goldsmith, managing director of community development tax credits and intermediaries lending at JPMorganChase (left), at a press conference on Sept. 10, 2024 announcing the firm has committed a new $10 million loan to the Chicago Community Loan Fund (CCLF), a certified Community Development Financial Institution (CDFI), to advance affordable housing development and revitalize neighborhoods in Chicago’s South and West sides. The loan is part of JPMorganChase’s $200 million commitment to Chicago and will support CCLF’s Communities of Color Loan Program, which provides low-cost capital to developers targeting projects impacting communities of color in low-to-moderate income neighborhoods throughout Chicago. JPMorganChase has committed more than $10 million to advance affordable housing development and revitalize neighborhoods in Chicago’s South and West sides.& The new loan to the Chicago Community Loan Fund (CCLF), a certified Community Development Financial Institution (CDFI), is part of JPMorganChase’s $200 million commitment to Chicago.& The loan will support CCLF’s Communities of Color Loan Program, which provides low-cost capital to developers targeting projects impacting communities of color in low-to-moderate income neighborhoods throughout Chicago. Illinois Governor J.B. Pritzker joined JPMorganChase and CCLF to announce the new commitment. High borrowing costs and a lack of...

0 Comments