JPMorganChase announced it will deploy over $750 billion through 2035 to increase housing supply and support homeownership, a nearly 40% increase over the firm’s housing capital deployment of the past decade. The commitment includes financing for one million affordable rental units and mortgage lending assistance for 500,000 buyers, with 200,000 being first-time homeowners. The plan also calls for growing mortgage lending volume by more than 40%, hiring 850 new home lending advisors, and exploring loan products for modular and manufactured homes.
Read more: https://www.multihousingnews.com/jpmorganchase-commits-750b-to-increase-housing-supply-through-2035/
