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JPMorgan’s $750B Housing Push | Durham News

JPMorgan’s $750B Housing Push | Durham News

Published 5 days, 4 hours ago
Description

JPMorgan Chase is pouring $750 billion into U.S. housing by 2035 to help millions become homeowners, expanding its American Dream Initiative with a 40% jump in investments. They’ll fund 1 million affordable units, support 500,000 first-time buyers, and boost mortgage lending by 40%—backed by 850 new advisors and expanded options for modular homes. Beyond loans, they’re shaping policy via a new Chamber council to tackle land access and permitting, while offering immediate perks like $5K homebuyer grants and rate discounts for existing customers.

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