The JPMorgan Chase (JPM) Foundation donated $1.5 million to help NeighborWorks America network members and nonprofit community development corporations build stronger and sustainable mortgage lending operations, the company said this week.

In addition, the money helps members expand affordable homeownership opportunities, enhance the availability of financial capability programs and strengthen community stabilization efforts.

"JPMorgan Chase Foundation has been a long-time supporter of NeighborWorks America and the NeighborWorks network and this important grant underscores its commitment to community development and affordable housing,” said NeighborWorks America CEO Eileen M. Fitzgerald. “This grant supports a range of programs and initiatives that will have positive long-range effects on low- and moderate-income individuals and families nationwide who receive services from strong nonprofit businesses."

Most Popular Articles

NAR bans “pocket listings”

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”

Nov 12, 2019 By

Latest Articles

Co-living startup Bungalow raises $47 million, including investment from Alex Rodriguez

Real estate startup Bungalow launched last year, offering a unique solution for finding affordable housing in some of the nation’s most expensive housing markets. Now, the company has raised $47 million from various investors, including A-Rod Corp., the investment firm founded and led by former MLB star Alex Rodriguez.

Nov 18, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please