2021 Environmental Social & Governance Report

partners with, from four to eight.
Investing in MDIs and CDFIs across the U.S. 
27
Source: 
https://www.fdic.gov/regulations/resources/minority/mission-driven/guide.html
28
The annual donation will be made for the life of the Empower share class to the Empower and Community Development Fund, a Donor-Advised Fund administered by the Chicago Community Trust, that is committed to supporting community 
development to expand opportunities within underserved communities.
29
Formerly Broadway Federal Bank and City First Bank, which merged in 2021; Washington, D.C. and Los Angeles-based.
42
INTRODUCTION
ENVIRONMENTAL
SOCIAL
Feature: Our Commitment
to Racial Equity
Diversity, Equity & Inclusion
Human Capital
Inclusive Growth
GOVERNANCE
ESG REPORT APPENDICES

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Catalyzing Community Development
Investing in communities is a route to expanding economic opportunity. Housing, in particular, is a central pillar of 
community development because access to a stable, affordable home is a leading determinant of income and wealth, 
health and overall quality of life. Yet for many U.S. households, especially Black, Hispanic and Latino households, an 
affordable housing crisis has put this access increasingly out of reach. For example, 43% of Black and 40% of Hispanic 
households spent more than 30% of their incomes on housing as of 2019, compared with 25% of White households.
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Through lending, equity investments and philanthropic capital; community partnerships, and data and policy insights, 
JPMorgan Chase is helping to build stronger communities, with a concerted focus on housing. Financing the creation 
and preservation of affordable rental housing, and expanding access to homeownership, is also a core focus of our 
$30 billion Racial Equity Commitment (see page 21), because we know that the lack of affordable housing and rising 
costs of homeownership have been leading drivers of the racial wealth gap across the U.S.