At an Oct. 24 event in Newark, JPMorganChase announced a $1.14 million investment in eight New Jersey nonprofits.
Held in the Clinton Hill section of the city, the event featured JPMorganChase senior leaders as well as local officials, nonprofits and other key stakeholders. The effort aims to increase and preserve the state’s affordable housing supply and provide homebuyer and financial health readiness to support people on the path to homeownership.
At the center of the initiative is a focus on preserving and rehabilitating two- to four-family homes in the area as a way to unlock wealth creation while adding to the supply.
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