Juvon Crawford:

Stability.

Ann McKenzie:

Neighbors.

Maurice Reynolds:

Family.

Grace Cooper:

Hope.

Wendell Harris:

They definitely would say love.

[blissful music]

Maurice Reynolds:

Reese interview, take one.

[clapboard claps]

Action. One thing about Chicago is it empowers you to want to live because it has so much love. I was looking for a place that I could afford on my own, and then I had found out about the Lawson House. It’s beautiful what they did to that building. It’s a big, beautiful apartment, it’s got all the amenities that you need, you got a big walk-in bathroom, got a roll-in shower. You got your independence. I can get out and live. I can get out and live life, enjoy life.

Ann McKenzie:

Ann McKenzie interview, take one.

[clapboard claps]

[delighted] I like that.

Almost half of Chicagoans are rent-burdened. They spend more than 30% of their income on a monthly basis, on their rent. That just is not sustainable. That is not the way to stay housed. We provide housing for Chicagoans, so they only have to pay a third of their income to live there. And this is just a neat opportunity to really see people all over the city getting to live close to school, close to their hospital, close to their family, and not getting pushed out of communities.

Juvon Crawford:

Now I’ve got to do one of these.

[crew chuckles]

I’m moving on up.

[clapboard claps]

The impact that BUILD has had on me as a youth and now a young adult is a massive one. I was able to experience some diversity with the people I come across. Talking to so many older people, which I kind of gravitate towards, without that, I probably would’ve been playing sports, but I wouldn’t have as much to offer outside of that. Always pushing me, giving me the reassurance, I have nothing but to thank them for that.

[Grace chuckles]

Grace Cooper:

[softly] Yay.

I felt really inspired that this community took a lot of time and thought to put together a really comprehensive plan about what they think is going to improve their quality of life. Within the first five years of the quality-of-life plan, we’ve been able to attract over $100 million in investment into the Austin neighborhood. So, I just think it’s a great resource for a community to have somewhere they can go and know that these people are dedicated to learning what all the services are and how to meet their needs in the best way possible.

Wendell Harris:

[clapboard claps]

Take one. A number of projects actually would not happen, even beyond just the New Markets space, but for a CDFI, but for a CCLF, stepping out to take the risk. The work that we do helps truly build communities, build economic wealth, strengthen the economy, and help a number of vacant and abandoned buildings get back on the tax roll. But the most important investment in those projects, even though the funding is going into the bricks and mortar… is really going into the people.

Maurice Reynolds:

If these walls could talk, they would say, “Stability.”

Ann McKenzie:

They would say, “Neighbors.”

Grace Cooper:

They would say, “Hope.”

Wendell Harris:

They definitely would say “Love.”

Juvon Crawford:

If these walls could talk, it would say, “Family.” That’s cool?

[laughs]

Narrator:

JPMorganChase Community Development Banking understands that the buildings we invest in are more than just four walls. They are you. They are us. They are Chicago.

END

In Chicago, the stark contrast between neighborhoods is more than just a matter of geography—it’s a matter of opportunity and wellness. While many areas thrive, others face significant challenges, with residents living more than 10 years less, on average, than their neighbors across town. 1 

To help bridge that gap, JPMorganChase Community Development Banking has invested more than $250 million since 2019 to empower Chicago community development organizations that share our commitment to creating equitable opportunities across the city. That includes:

  • $207 million to develop and finance 1,227 affordable rental homes 
  • $49 million in New Markets Tax Credit equity investments in facilities providing essential services such as health care centers, workforce development programs, education and shelter for young people experiencing homelessness
  • $14 million to finance 160 affordable homes through government-sponsored enterprise agency lending

Our 30 local Community Development Banking and Agency Lending employees have built strong relationships with community development organizations that are deeply engaged with the communities they serve, helping ensure that our support lands where it’s most needed to create an inclusive, equitable Chicago.

“When you combine Chicago’s expertise and talent in community development with the resources and people we have at JPMorganChase, it’s a recipe for showing the art of the possible in community development finance.” 

Learn more about our impact through the individual voices that make up Chicago

JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/cb-disclaimer for disclosures and disclaimers related to this content. 

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