Community Development Banking Impact
Get an inside look at some of the meaningful work we’ve done in communities like yours.
Our projects
Our Community Development Banking business is proud to support vibrant and diverse neighborhoods like yours by providing loans, investments and services for low- and moderate-income families and communities across the US.
Brooklyn Navy Yard-Building 127
Brooklyn, NY
This project renovates an industrial building—which is listed on the National Register of Historic Places—into functional light manufacturing and creative office space.
- $10M: Federal and state Historic Tax Credit (HTC) equity contributed by Chase
- 1801: Year the historic campus was established
- 100K sq. ft.: Size of the industrial building
Flex-N-Gate
Chicago, IL
This project finances costs to develop and operate a new manufacturing facility, creating hundreds of new jobs for residents of low-income communities.
- $15M: New markets tax credit qualified equity investments from Chase
- 566: New full-time jobs created for residents of low-income communities
- 290K sq. ft.: Size of the manufacturing facility
1457 North Main Street
Los Angeles, CA
Located in LA’s Chinatown neighborhood, this project creates a 376-unit fully rent- and income-restricted workforce housing property, with 334 units restricted up to 80% Area Median Income (AMI).
- $68.5M: Construction loan provided by JPMorgan Chase’s Workforce Housing Solutions team
- $0: Amount of project financing coming from Low-Income Housing Tax Credit (LIHTC) equity or traditional subsidies
- 42: Number of units for extremely low-income residents, restricted up to 30% AMI
Girls Inc. of San Antonio
San Antonio, TX
$2.6 million: New Markets Tax Credit (NMTC) equity investment
5,000: Girls the nonprofit will serve at its new campus annually
13: New nonprofit jobs created
Our NMTC equity investment helped Girls Inc. of San Antonio close a gap in financing needed to transform a former church into a home for its programs supporting girls’ health and well-being, education and leadership development. The 25,000-square-foot campus’s offerings include an innovation lab, an entrepreneurship and finance lab, a kitchen, an art studio and a teen center.
30Bellevue Apartments
Bellevue, WA
$27.9 million: Construction loan and Low-Income Housing Tax Credit equity investment
63: Units in the newly constructed building
98%: Share of units that are affordable to individuals making 60% of the Area Median Income (AMI)
We provided a $15.3 million construction loan and a $12.6 million Low-Income Housing Tax Credit equity investment to support construction of a new apartment building. Nearly half of the units are reserved for people who have experienced homelessness and 20% are set aside for households with at least one individual with a disability.
Mary Bethune Apartments
Tampa, FL
$18.4 million: Construction loan
160: Units in the building
100%: Share of units that will be affordable to individuals making 60% AMI
We provided construction financing to support a substantial renovation of 160 income-restricted apartments designed for senior residents. The project secured long-term rental assistance from the Tampa Housing Authority to keep units affordable while adding amenities including emergency nurse call systems, secure entry, a fitness center, a theater and a community center.
Milwaukee Fortress
Milwaukee, WI
$8.3 million: Federal Historic Tax Credit (HTC) equity investment
132: Apartment units in the renovated building
28,000: Square feet of commercial space
We made a federal HTC equity investment to help finance the historic rehabilitation of the former F. Mayer Boot and Shoe Company factory in Milwaukee’s Brewers Hill neighborhood. The project converted the 193,000-square-foot neoclassical building—originally built in 1892—into modern loft apartments and commercial space.
Coolidge Park Apartments
Flint, MI
$9.4 million: Construction loan
54: Units in the building
93%: Of units are affordable for individuals making 60% of the Area Median Income (AMI)
We provided a construction loan to support the renovation of a historic vacant school and new construction of apartments and commercial space. The updated property includes one- and three-bedroom units, plus amenities such as a playground, picnic area, computer room and basketball court.
Fruitvale Transit Village
Oakland, CA
$90 million: Construction loan
257,000 sq. ft.: Structure built on former Bay Area Rapid Transit parking lots
181: Newly constructed affordable housing units
We provided construction financing to build transit-oriented affordable housing for working families at Fruitvale Transit Village. The building also features commercial space for an organization focusing on ending youth criminalization and incarceration.
SEED School
Los Angeles, CA
$12 million: New Markets Tax Credit (NMTC) equity investment
147,000 sq. ft.: Campus in South LA
400: Students will attend the high school
We provided NMTC equity and a direct loan to support the construction of a public charter high school in South LA. About half of the boarding school’s students will come from the neighborhood via lottery. Priority admission will be given to foster youth, homeless or housing-insecure youth, as well as youth with an immediate family member incarcerated.
Bridge Rockaway
Brooklyn, NY
$50.1 million: Direct-pay letter of credit
174: Newly constructed affordable, supportive housing units
32: Units operating under the New York State Office of Temporary and Disability Assistance
We provided a letter of credit to help finance the new construction of an affordable, supportive housing structure that includes a community facility. All units will be affordable to households earning up to 60% AMI.
The Life at Grand Oaks
Houston, TX
$45 million: Fannie Mae MTEB loan originated by Chase
556: Affordable apartment units
100%: Of the units will be affordable to individuals making 60% AMI
We provided a taxable construction loan and originated a Fannie Mae Multifamily Tax-Exempt Bond (MTEB) permanent loan for the rehabilitation and preservation of 556 affordable housing units at The Life at Grand Oaks. The newly renovated one- and two-bedroom units include a new washer and dryer, and the premises added security cameras, lights and patrols. These renovations and added services will provide a significant benefit to the community.
Palmer Square Apartments
Chicago, IL
10-year: Refinance loan
$14 million: Fannie Mae refinance loan originated by Chase
160: Apartment units
We provided a Fannie-Mae backed refinance loan for Palmer Square Apartments, which consists of six three- and four-story buildings with 160 units. Sixty-four of the units are affordable to individuals making 60% AMI.
Lodge Cast Iron
South Pittsburg, TN
$8.26 million: NMTC equity investment
1896: The year Lodge Manufacturing was founded in South Pittsburg
100: New full-time jobs created in addition to the existing 40 full-time jobs
We provided NMTC equity to support a new production line and building expansion for Lodge Manufacturing Company. The family-owned cast iron cookware company—the largest employer in the city—will also add a restaurant next to the retail location.
State Tower
Syracuse, NY
$9.9 million: Federal and New York State HTC equity investment
51: Apartment units in the new space
110,000 sq. ft.: Of commercial space in the building
We made Federal and New York State HTC equity investments to support the historic rehabilitation of the State Tower building in downtown Syracuse. The project converted the former office building into apartments and commercial space.
Woodside Mill
Greenville, SC
$7.9 million: Federal HTC equity investment
307: Loft apartment units
1903: Year the mill was constructed
We provided Federal HTC equity to support the adaptive reuse project of what was once the world’s largest textile mill under one roof. The LEED Gold–certified rehab will transform the space into workforce housing units, plus amenities including an outdoor pool, event and banquet space with conference rooms, and an on-site brew pub.
Freedom’s Path II
Hines, IL
$13.26 million: Construction loan
52: Units in the newly constructed building
100%: Of units house individuals with incomes at or below 60% of the Area Median Income (AMI), with priority placement for homeless, disabled or at-risk veterans
We provided a construction-to-permanent loan to support the development of this new facility, which offers housing at guaranteed rates to low-income residents—particularly veterans who are homeless or disabled—as well as on-site supportive services provided by Veterans Affairs.
Jordan Downs
Los Angeles, CA
$14 million: NMTC equity investment
120,000: Retail center square footage
100%: Of units house individuals with incomes restricted to 30%-60% of the AMI
Our NMTC equity investment, along with a $14 million construction loan, helped support the development of 115 affordable housing units in the Jordan Downs community of LA. The project is part of a five-phase masterplan and provides much-needed commercial space—including a grocery store, gym and retail shops—as well as more than 300 new permanent and construction jobs for area residents.
Judith and Thomas L. Beckmen YOLA Center
Inglewood, CA
$23 million: NMTC qualified equity investments from Chase
18,000 sq. ft.: Size of the existing building to be rehabilitated
500: Students served with new facility, in addition to the 1,350 currently involved in the program
Our relationship with the LA Phil will help transform an existing building into a music education venue and hub for YOLA (Youth Orchestra Los Angeles) programming for low-income youth from Inglewood and Los Angeles. The new center will expand the program’s reach and create living-wage jobs for local residents.
Kalorama Family Apartments
Ventura, CA
7 years: Length of fixed-rate loan
$1.5 million: Amount of loan originated by Chase
24: Apartment units
Working closely with the Cabrillo Economic Development Corporation, Chase helped provide financing for property upgrades and other strategic initiatives on this garden-style complex with one- and two-bedroom units. Most units are restricted to renters earning less than 60% of AMI.
Nubia Square Family Apartments
Houston, TX
10 years: Length of fixed-rate loan
$3 million: Refinance amount
192: Apartment units
The Neighborhood Recovery Community Development Corporation became full owners of the Nubia apartments in 2008. They used excess proceeds from the building refinance for property upgrades, programming and other strategic initiatives. The property was built in 1972 and renovated in 1994, 2008 and 2018.
Mistletoe Station
Fort Worth, TX
$22 million: Construction loan provided by Chase
110: Newly constructed affordable and market-rate rental units
67%: Units set aside for affordable housing
In Fort Worth’s vibrant Near Southside District, which includes the city’s medical district, Chase provided financing for mixed-income rental units—helping provide affordable options in an area with high market-rate rents. Given the building’s proximity to hospitals, many residents in the affordable housing units are healthcare workers and hospital support staff.
Louisa Apartments
Seattle, WA
$4M: Federal Historic Tax Credit contributed by Chase
2013: Year the original building was damaged in a fire
76K sq.ft.: Size of the former Louisa Hotel building
This project supports the adaptive reuse of this former hotel to house working-class individuals and provide commercial space for businesses dislocated by the fire.