JPMORGAN EXPANDS $750B HOUSING COMMITMENT

JPMORGAN EXPANDS $750B HOUSING COMMITMENT

JPMorgan Chase ($JPM) plans to deploy $750 billion through 2035 to expand U.S. housing supply and homeownership, a nearly 40% increase from the previous decade.

The initiative aims to finance 1 million affordable housing units and help 500,000 buyers purchase homes, including 200,000 first-time buyers.

The bank will also increase mortgage lending, hire 850 Home Lending Advisors, and support housing policy reforms to boost construction and affordability.