JPMorgan Chase (NYSE: JPM) announced plans to deploy over $750 billion through 2035 to increase the nation’s housing supply while supporting a new wave of homeownership.
According to the company, this new deployment marks a nearly 40% surge in the firm’s housing capital deployment compared to the past decade. This activity is designed to finance 1 million affordable housing units and help 500,000 homebuyers – including 200,000 first-time buyers – purchase residential property. The company plans to increase its mortgage lending activity by more than 40%, hire 850 new Home Lending Advisors, introduce new digital tools, and consider new loan products covering modular and manufactured home purchases.
The company will also take on the chairman role with the US Chamber of Commerce’s newly formed Housing Advisory Council, which is designed to build stronger public-private partnerships and develop recommendations to help shape housing policy at the local, state, and federal levels.
“Homeownership has always been at the heart of the American Dream. Owning a home can transform lives—providing stability, helping families build wealth, and creating a sense of community,” said Sean Grzebin, CEO of Chase Home Lending. “Our goal is to make the path to homeownership clearer and more accessible for more people, wherever they are in their financial journey.”
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