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JPMorganChase plans to spend billions to ease housing woes

Lender expands support for developers, nonprofits, local governments
JPMorganChase said it's looking to give loans and grants to real estate developers, property owners, nonprofit organizations and governments that want to build affordable housing. Shown is the financial services giant's headquarters in New York City. (CoStar)
JPMorganChase said it's looking to give loans and grants to real estate developers, property owners, nonprofit organizations and governments that want to build affordable housing. Shown is the financial services giant's headquarters in New York City. (CoStar)

JPMorganChase said Monday that it plans to deploy $750 billion between now and 2035 to help increase the nation's housing supply.

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