08/20/2026
NEW YORK — JPMorganChase plans to deploy more than $750 billion into U.S. housing through 2035, a nearly 40 percent increase over the firm's capital deployment in the past decade. The bank announced the expansion August 3 as part of its American Dream Initiative.
The plan includes financing to build or preserve 1,000,000 affordable housing units and help 500,000 customers purchase homes, 200,000 of them first-time buyers. The firm says it will increase mortgage lending by more than 40 percent, hire 850 home lending advisors, and consider new loan products for modular and manufactured homes.
JPMorganChase, the nation's largest multifamily lender, also plans to back policies that speed up housing production, including simpler zoning, updated building codes, and faster permitting. The firm will chair the U.S. Chamber of Commerce's new Housing Advisory Council.
Source: JPMorganChase.