NEW YORK, OCTOBER 28, 2013 - JPMorgan Chase (NYSE:JPM) announced today its Foundation is providing $6.3 million in grants to help people gain access to safe and affordable housing. Programs will help first-time homebuyers prepare for homeownership, develop affordable housing in low- and moderate-income communities, and prevent homelessness, particularly among veterans. These grants will allow nonprofits serving some of the most vulnerable populations in the U.S. to expand existing programs, test new ideas, and deliver critical services to new communities.
"Many communities continue to struggle from the recession," said Janis Bowdler, Senior Program Director for Financial Capability and Affordable Housing, JPMorgan Chase Foundation. "These grants will help further the great work of our nonprofit partners by helping low- and moderate-income families obtain affordable housing and improve their quality of life."
JPMorgan Chase is dedicated to helping neighborhoods rebound through strategic community development efforts. One-third of the firm's contributions will help minority residents in underserved communities. Programs will be administered in various languages.
Grants have been awarded as follows:
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.