Sam Hairston:

[weeping] Sixteen years ago, I was addicted to crack cocaine, and I was homeless. They gave us a bus ride over to get something to eat, and that was the first meal I had had in probably a week, and that was the beginning of my journey to recovery.

[bright uplifting music]

Harold Pettigrew:

Washington, D.C., is a beautiful place where people from all stripes, from across the world have come here to pursue their passions, to start families, to dream as big as you want. Our organizations are groups of people leading institutions that are all committed to making sure that capital is being deployed in communities where it's needed most. We are there day in and day out, making sure that people have the ability to pursue the "American dream" because for each and every one of us, it's home.

Phuc Tran:

Yeah, you're right.

[cast member laughing]

Take one.

[laughing] I had actually grown up in affordable housing in Oklahoma. And so I wanted to do something that would be meaningful, and then over time, joined Jair Lynch. We're a mission-driven organization, and try to create impact in the community; whether it's building new affordable housing, preserving old affordable housing, or preserving historic buildings. We're trying to create buildings that are not only the best in architecture, the best in sustainability, but also speak to the needs of the community.

Buwa Binitie:

I've always, you have no idea how much I've always wanted do this. Buwa Binitie, take one. We develop housing for people of modest means. We're going to ensure that they have way more disposable income to live in the city without having to spend more than 50% on housing. If we're able to play our part in lowering that burden, that breathing room gives you the opportunity to achieve peace. And if you're constantly on the grind, and you're constantly in the rat race, there's no way you can be a better version of yourself. It's not going to happen. We need to work harder in ensuring that people achieve peace.

[soft gentle music]

Sam Hairston:

October 16th, 2008, I found myself standing in line at a homeless shelter, and that was the first meal I had had in probably a week. I don't know who the nice lady was. [voice cracking] I just remember being so grateful for somebody showing me some love and kindness that day. I went to treatment. When I came out, there was a place for me at SOME, and that's how I found safety and stability. Fifteen years later, I'm gainfully employed with three degrees. I wrote a book, got my life back, and I keep trying to make it better every day.

Buwa Binitie:

If these walls could talk, they would say peace.

Phuc Tran:

They would say impact.

Harold Pettigrew:

They'd say home.

Sam Hairston:

If these walls could talk, they would say safety.

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 Washington, D.C.

[soft gentle music]

END

Washington, D.C. boasts the second-highest median household income among major U.S. metropolitan areas.1 But a D.C.-wide view masks deep divides in financial health and opportunity. Residents in the city’s Northwest quadrant have an estimated median net worth 65 times greater than their neighbors in Southeast D.C.2

To help bridge these gaps, we’ve invested more than $1 billion in community development organizations since 2019 to build a more vibrant, equitable D.C. This includes:

  • $938 million to develop and finance 4,687 affordable rental homes located throughout the city, so people can live where they work
  • $150 million in New Markets Tax Credit allocation for health centers, schools, job training facilities and healthy food access
  • $26 million to finance D.C. affordable housing through government-sponsored enterprise agency lending

Our 14 local Community Development Banking and Agency Lending employees collaborate with D.C. community development organizations to deliver tailored solutions that uplift communities. 

“We’re walking the walk in D.C., supporting communities with innovative products and services and collaborating across the firm to meet people’s needs in a genuine and meaningful way.”

 

Learn more about our impact through the individual voices that make up Washington D.C. 

The walls are talking across the country.

          

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

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