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Side note:
Roosters crowing.
Inspirational music plays.
On screen:
This video opens as the sun comes up over a rural highway. A white truck with a trailer travels the road past a historic dome and a homeless encampment under an overpass. The truck's door reads: 'Mobile Loaves & Fishes, Serving Goodness,' and a man with a glasses and a white beard sits behind the wheel.
Alan Graham:
It's very important that if we ever wanna mitigate this pandemic of homelessness in our country, the entire community really needs to get involved from top to bottom.
On screen:
Unhoused people sit outside their tents as the man looks out his window. Now, he sits at a courtyard picnic table wearing a silver cross necklace and a hat that says, 'Goodness.'
Text on screen:
Identifying text appears beside him: 'Alan Graham, Founder and CEO, Mobile Loaves & Fishes.'
Alan Graham:
Why do we do what we do? It’s to empower communities into a lifestyle of service with the homeless.
On screen:
His truck drives through a neighborhood. In a parking lot, he opens the trailer and helps unhoused people load up bags of food and clothing.
Alan Graham:
Our first goal is to transform the paradigm as to how people view the stereotype of the homeless. We believe that the single greatest cost to homelessness is a profound catastrophic loss of family.
On screen:
Alan chats with and hugs community members.
Alan Graham:
We were dreamin' big dreams and inside those dreams, these little embers that are burning, there was no one to pour fuel on those dreams.
On screen:
Alan drives his truck through a city in the evening, then gazes out across a calm pond.
Alan Graham:
And I began to realize how do I pour fuel on those dreams and move them into a place of dignity?
On screen:
Sitting on a patio, Alan pets a black lab. He puts a leash on the dog, and walks him through an RV park.
Alan Graham:
I was a real estate developer.
Alan Graham (NAT):
Come on, let’s go for a walk. Come on.
Alan Graham:
And so I began to fantasize about developing an RV park with a heart.
On screen:
He visits a neighbor.
Alan Graham (NAT):
How's it going, brother?
Neighbor (NAT):
It’s going great.
Alan Graham (NAT):
Yeah?
Alan Graham:
Dedicated exclusively to the chronically homeless men and women that you see on the streets of our city. And here we are.
On screen:
A man in a straw cap smiles from his porch, then a woman in a tie-dye tank top. A bearded man smiles as he holds his dog. A windmill spins in a breeze, and a car drives past a sign reading, 'Welcome! Community First! Village.' An aerial view shows RVs and mobile homes weaving around circular blocks and cul-de-sacs.
Alan Graham:
Currently, the Community First! Village, this is a 51-acre master plan community that has 535 homes. We have a phrase that housing alone will never solve homelessness, but community will. So everything about this is a relational movement, not a transactional movement.
On screen:
Colorful shotgun-style houses sit in a row, and residents tend to a community garden. A man harvests carrots and tosses them into a bin. Now, identifying text appears beside a woman with dark, wavy hair.
Text on screen:
'Melissa Pillars, Executive Director, New Markets Tax Credit, JPMorgan Chase.'
Melissa Pillars:
Mobile Loaves & Fishes is a really special client to work with. This is really just the first phase of reintegrating these individuals with a sense of community and then also providing them opportunities to earn dignified income so they can start on the path to a better life.
On screen:
A view sweeps over the central garden as residents and Community Partners till and water. A woman mows the lawn of her RV site as a man washes off a carrot. Residents gather under a tent with coolers, and one cleans the mirror of a hair salon. They choose from a table of desserts, and gather under string lights in a community courtyard.
A man with a long gray beard folds his arms as he stands in the road.
Text on screen:
'Blair Racine, Neighbor of Community First!! Village:'
Blair Racine:
I moved here March of 2018. Welcome to my home.
On screen:
He unlocks his door and gives a tour of a tidy living room with homey decor and a modern kitchen. He sits on his bed.
Blair Racine:
It's very roomy. I’ve got a complete kitchen and a queen size bed, you know? I’m so blessed to be here because it saved my life. No doubt in my mind.
On screen:
A sign in the kitchen says, 'home,' with a heart for the O.
Alan Graham:
What they say out there is hopeless, and then they come in here and what they find is hopefulness. It’s that transformation that knocks me over every time. And that's what I love the most about what I get to do.
On screen:
Alan fist bumps Blair as residents play instruments, shoot pool, and laugh together in a community building. Alan walks though the village in the evening, and a view pulls out of a wooden heart covered with string lights. Another sign reads: 'Community Inn: Your gateway to Goodness.'
Alan Graham:
When you're trying to do something of this magnitude, it requires a lot of creativity. And part of that creativity is a tool called New Markets Tax Credits that involve people like JPMorgan Chase.
On screen:
A blueprint shows the community design while digital mock-ups model the homes. Outside, Alan holds a village map as he surveys a landscape. Later, he steps out onto a deck labeled 'Front Porch' to greet Melissa. They share a hug.
Melissa Pillars:
New Markets Tax Credits provides Mobile Leaves & Fishes with an additional subsidy to fund their project.
On screen:
Melissa and Alan review a map, then step onto the porch as Alan sweeps his hand around the village. A two-story building is labeled 'Living Room.'
Melissa Pillars:
Our first one was in 2020 in which we funded the Living Room which is a community center for them.
On screen:
Alan shows Melissa into the living room space, and they play shuffleboard. Another building is labeled 'Hub,' where Melissa and Alan visit a man in an art studio. Another building has single stall restrooms and showers.
Melissa Pillars:
As well as their entrepreneur hub, communal showers and bathrooms. We love the project so much we actually came back for a second investment. We invested through phase three to help build out their communal spaces, their corporate offices as well as a welcome center.
On screen:
Melissa and Alan walk up to a covered deck and look out over the village. Alan gestures and points to buildings and structures.
Alan Graham:
Our relationship with JPMorgan Chase has been extraordinary. It’s a win-win situation that fits entirely into our vision statement of empowering communities into a lifestyle of service with the homeless.
On screen:
A community member smiles, and another gives two thumbs up. He pats back of the man beside him. Melissa and Alan ride through the village on a golf cart, honking at and greeting neighbors.
Alan Graham (NAT):
Hey guys!
Neighbors (NAT):
How’re you?
Alan Graham (NAT):
Doing great!
Melissa Pillars:
We know that this organization is gonna continue to chip away at this problem and figure out how they can continue to do more. And we want to be with them every step of the way.
On screen:
They ride past homes as a resident waters a flower bush and a windmill spins in a breeze. Construction workers build a new house.
Alan Graham:
It's a phenomenal place. This is our home.
On screen:
Alan smiles in front of his truck, and the video closes with logos over white:
Logos:
'J.P.Morgan. Chase.'
Side note:
Legal disclosures appear beside a house icon with an equals symbol inside:
Text on screen:
'Equal Housing Lender.'
Chase, J.P. Morgan, and JPMorgan Chase are marketing names for certain businesses of JPMorgan Chase & Co. and its affiliates and subsidiaries worldwide (collectively, “JPMC”, “We”, “Our” or “Us”, as the context may require).
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These materials do not represent an offer or commitment to provide any product or service. In preparing the information, we have relied upon, without independently verifying, the accuracy and completeness of publicly available information or information that you have provided to us. Our opinions, analyses and estimates included here reflect prevailing conditions and our views as of this date. These factors could change, and you should consider this information to be indicative, preliminary and for illustrative purposes only. This Information is provided as general market and/or economic commentary. It in no way constitutes research and should not be treated as such.
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JPMorgan Chase Bank, N.A. Member FDIC. Copyright 2024 JPMorgan Chase & Co. All rights reserved.
END
Mobile Loaves & Fishes CEO Alan Graham thought he was getting out of the real estate business. He founded a nonprofit focused on bringing meals to homeless individuals in Austin, Texas.
Then, the former developer got the idea for Community First! Village—a master-planned neighborhood providing affordable, permanent housing and a supportive community for people transitioning out of chronic homelessness.
“Housing alone will never solve homelessness, but community will. Everything about this is a relational movement, not a transactional movement,” Graham said.
Mobile Loaves & Fishes’ community is growing. The 51-acre development in northeast Travis County, Texas, currently has 535 tiny homes. A planned expansion will bring it to 178 acres with 1,900 homes.
Housing is only one piece of Mobile Loaves & Fishes’ model. The development is designed for long-term residents, so it’s built to encourage connections among neighbors. It also offers residents opportunities to earn dignified income, often while working alongside community volunteers.
Features already developed include:
Access to a safe home is critical, said Blair Racine, who was homeless for four years before moving to Community First! Village in 2018.
“I could’ve been back on the street again, because there’s only so many days you can stay in a homeless shelter,” Racine said. "And who knows what could have happened to me. I'm so blessed to be here, because it saved my life. No doubt in my mind.”
But the sense of community and support from neighbors matters, too.
“That’s the most important thing. We’re not just being housed, we’re friends, we’re family,” Racine said.
Graham and his wife are part of that community, too. They live in the village, along with other volunteers.
“This is a little microcosm of the Garden of Eden,” Graham said.
535
Homes in Community First! Village today
1,900
Homes in Community First! Village once fully developed
$1.5 million
Income earned by Community First! Village residents through micro-enterprise programs in 2023
Financing a development like Community First! Village “requires a lot of creativity,” Graham said.
One piece of the puzzle: New Markets Tax Credit (NMTC) equity, which can fill gaps in a project’s financing. In Mobile Loaves & Fishes’ case, NMTC equity from JPMorgan Chase helped fund essential community facilities.
“Because Mobile Loaves & Fishes can use our subsidy to build the community facilities, they can use their capital to build more homes and provide housing to more individuals,” said Melissa Pillars, Executive Director of New Markets Tax Credit at JPMorgan Chase.
An initial $5 million NMTC equity investment from JPMorgan Chase funded Community First! Village’s second phase of development, including the Living Room community center, entrepreneurial hub and aquaponics facility. The investment also funded construction of seven community kitchens and laundry and bathroom facilities.
A second $4.6 million NMTC equity investment will help Mobile Loaves & Fishes build out 40,000 square feet needed for its expansion of corporate offices, a welcome center and a larger market serving the community’s residents.
Graham likes to call Community First! Village the “most talked-about neighborhood in Austin.” The community’s growth and impact has attracted international attention.
Mobile Loaves & Fishes has been a resource to organizations interested in learning from its model, and it has inspired similar projects in communities across the country, including Florida, Minnesota, California and Hawaii.
“We want to make sure Mobile Loaves & Fishes has the continued resources and support to address homelessness in the manner they’ve been doing—approaching the situation with dignity, with humanity—and see how we can make a broader impact across the country,” Pillars said.
Our designated NMTC team is here to help project sponsors throughout the development process, including assessing eligibility.
Additional video footage courtesy of:
Mobile Loaves & Fishes
The Southern Influence
Nathan Jennings
JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/commercial-banking/legal-disclaimer for disclosures and disclaimers related to this content.
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