2021 Environmental Social & Governance Report

INCREASE HOMEOWNERSHIP
• 
Originate an incremental 40,000 home purchase loans ($8 billion) and refinance an 
additional 20,000 mortgages ($4 billion) for Black, Hispanic and Latino households.
• 
Home Lending continues to make progress in its lending commitment to Black, Hispanic and Latino communities.
• 
Refinanced 19,000 of the 20,000 incremental loans goal, nearly $5 billion.
• 
Originated nearly 12,000 home purchase loans for Black, Hispanic and Latino households in 2021, totaling more than $4 billion. While the number of units was 
slightly below 2019 production volume, the firm continues to pace towards originating an incremental 40,000 purchase loans by 2025.
• 
Hired more than 150 Community Home Lending Advisors as part of our newly-established Community and Affordable Home Lending business.
EXPAND AFFORDABLE RENTAL HOUSING AND SUPPORT FOR VITAL COMMUNITY INSTITUTIONS
• 
Finance the creation and preservation of 100,000 affordable rental units through 
$14 billion in new loans, equity investment and other efforts.
• 
Approved funding of approximately $13 billion in loans to help preserve more than 100,000 affordable housing and rental housing units across the U.S. 
• 
Created the Community Development Banking Capital Solutions team to offer innovative financing options for affordable housing and community facilities by 
working with a broad range of capital sources.
• 
Increased Low-Income Housing Tax Credit ("LIHTC") investments by $400 million.
• 
Closed on $76 million of the $500 million commitment to affordable housing preservation funds.
• 
Provide more than $300 million in additional financing to Community 
Development Financial Institutions ("CDFIs") to support communities that lack 
access to traditional financing.
• 
Target an additional $100 million in New Markets Tax Credit ("NMTC") investments 
with a focus on Black-owned or -led projects primarily serving Black populations. 
• 
Invest in Vital Community Institutions and Services.
• 
Provided more than $190 million in incremental financing to CDFIs.
• 
Established a new Racial Equity Initiative, which uses NMTC investments to spur growth and inclusion. Since 2020, the Firm has funded $221 million in new projects 
related to that effort.