JPMorgan Stakes $750B for Affordable Housing Push Over the Next Decade

JPMorgan Chase unveiled a plan to invest $750 billion in housing over the next decade, financing about 1 million affordable housing units and helping 500,000 people buy homes, using debt, equity, and grants, as part of its American Dream Initiative and to push pro-growth housing policies; the bank will also hire 850 home-lending advisers and urge collaboration with other lenders.