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Chase Launches Initiatives to Expand Affordable Housing Preservation

JPMorgan Chase has launched initiatives to expand the preservation of affordable housing and rental housing options across the U.S., as part of the firm’s recently announced $30-billion commitment to advance racial equity. 

To help maintain affordability for tenants, the bank’s Commercial Term Lending group is offering multifamily owners and operators an Affordable Housing Preservation Program, along with extending rent and income-restricted subsidy mortgage lending programs to this client base.

“Many cities in the U.S. face inadequate affordable housing options for vital members of our communities, including teachers, healthcare workers, firefighters and those who work in the restaurant and hospitality sectors,” said Kurt Stuart, managing director for Commercial Term Lending. 

He continued, “By working with clients who share our passion for providing affordable housing solutions in our communities, we hope to alleviate the pressure for individuals who are increasingly cost-burdened and provide safe, affordable and desirable housing options.” 

Connect

Inside The Story

JPMorgan Chase’s Stuart

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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