JPMorganChase has outlined a plan to deploy more than $750 billion through 2035 to expand housing supply and support homeownership across the United States. The firm described the commitment as an increase of nearly 40% over its housing capital deployment during the past decade. As part of this effort, the company aims to help finance one million affordable housing units and provide lending to 500,000 homebuyers.
The initiative is being advanced under JPMorganChase’s American Dream Initiative, a multi-year program designed to broaden economic opportunity for millions of Americans and future generations through targeted investments in local communities. The firm stated that it intends to work more closely with policymakers and community partners to speed implementation of local and state housing solutions that can add supply across income levels.
Michelle Herrick, head of commercial real estate for J.P. Morgan, emphasized the link between housing and broader economic performance. She noted that an affordable and resilient housing market is viewed by the firm as critical to driving growth and expanding opportunity. Herrick said the company is focused on helping more people access quality housing that is within reach financially, and highlighted collaboration with the real estate industry, local governments, and nonprofit organizations as central to scaling housing solutions nationwide.
JPMorganChase also signaled plans to increase its support for policies that aim to make it easier to produce housing and to expand access to financing. The firm cited pro-growth housing policies that reduce barriers and accelerate housing production as a priority area, and said it is backing the implementation of the 21st Century ROAD to Housing Act. Additionally, the company plans to continue promoting efforts to harmonize standards and processes across key housing finance institutions and federal programs while expanding the role of private capital in the mortgage market.
The firm indicated that it plans to apply lessons from local markets to inform approaches that could make housing development faster, easier, and lower cost. As part of its broader policy agenda, JPMorganChase will serve as Chair of the U.S. Chamber of Commerce’s newly formed Housing Advisory Council. The council is intended to function as a business-led forum that supports new collaboration, stronger public-private partnerships, and the development of policy recommendations to influence housing outcomes at the local, state, and federal levels.
