2021 Environmental Social & Governance Report

PHILANTHROPIC AND FLEXIBLE CAPITAL FOR INNOVATIVE HOUSING 
SOLUTIONS
In 2021, we made a five-year, $400 million commitment that includes low-cost loans, 
equity and grants targeted to nonprofits and other organizations working to improve 
housing affordability and stability for Black, Hispanic and Latino households. 
This includes launching a new initiative with the Urban Institute to identify, test and 
scale affordable housing solutions to better serve Black, Hispanic and Latino 
households. We are also collaborating with the Center for Community Investment to 
drive local systems change and promote equitable housing in Chicago, Washington 
D.C., Los Angeles, Miami, New Orleans and Seattle. 
As part of the $400 million commitment, we approved funding for $20.4 million to 
eleven nonprofits working to test and scale models to improve household stability 
and housing affordability. To help stabilize households, the organizations are 
providing eviction prevention support, rental assistance, access to legal services 
and resources for small landlords. To help increase the supply of affordable housing 
and homeownership, the organizations are advancing single-family housing 
production, launching specialized mortgage products, and increasing the capacity of 
community land trusts and other shared financial equity programs.
HOUSING REFORMS POLICY AGENDA
Regulatory and policy changes are needed to both address systemic discrimination 
in housing and encourage more effective models for boosting access to and supply 
of affordable homes. In 2021, the JPMorgan Chase PolicyCenter released data-
driven 
policy recommendations
to improve household stability weakened by the 
COVID-19 pandemic, including:
• 
Reduce preventable evictions by establishing eviction diversion programs, 
enhancing eviction protections, such as right to counsel, that protect tenants 
from unlawful eviction and helping develop a balanced and predictable evic-
tion process;
• 
Increase housing availability by removing barriers to affordable rental housing 
production and expanding funding to boost the supply of affordable homes for 
purchase;
• 
Protect economically vulnerable families from losing their homes in heirs' prop-
erty partition sales and tax lien sales with due process protections in state 
property laws; and
• 
Standardize the collection and tracking of state- and local-level eviction data to 
better inform policy decisions.
Another key policy focus area is working to reform the residential appraisal process 
to advance fair housing and address housing discrimination. JPMorgan Chase is 
actively engaging with industry partners and regulators to find ways to address gaps 
in the residential appraisal process, including establishing new anti-bias training 
requirements for appraisers, allowing equal access to valuation data and techniques, 
and promoting national standards that will allow for responsible expanded use of 
Alternative Valuation Methods. In addition, in 2021 our Firm donated $3 million to the 
Appraiser Diversity Initiative, a collaboration between the Appraisal Institute, 
National Urban League, Fannie Mae and Freddie Mac aimed at attracting diverse 
entrants into the residential appraisal field. Our Firm is also providing mentors for 
trainees in the Appraiser Diversity Pipeline Initiative. This initiative, led by the 
Appraisal Institute and Fannie Mae, is designed to attract new people in the field, 
help trainees overcome common barriers to entry and foster diversity.
AdvancingCities
AdvancingCities is JPMorgan Chase’s $500 million, five-year 
initiative to invest in solutions that bolster the long-term 
vitality of the world’s cities and the communities within them 
that have not benefited from economic growth. As part of the 
initiative, launched in 2018, our Firm is making large-scale 
investments in “signature cities”, including; Greater Paris, 
Chicago, Detroit, Greater Washington Region and the San 
Francisco Bay Area. 
Through the AdvancingCities Challenge our Firm holds an 
annual competition to identify and seed innovative ideas for 
tackling community development challenges. In 2021, we 
invited community organizations to apply for up to $5 million 
to support collaborative, sustainable solutions focused on 
wealth creation and economic success for Black and Latina 
women, which is foundational to building more equitable 
communities. One of the winners was The Advancing Early 
Education Collaborative in Washington, D.C., a partnership to 
increase access to education, skills, and training 
opportunities, as well as wealth building and capacity building 
for early childhood educators and the centers that employ 
them. Another was the Prioritizing Black and Latina Women’s 
Economic Rise in Baltimore, Maryland, a collaboration 
working to create a continuum of wealth building for Black 
and Latina women real estate developers in West Baltimore. 
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INTRODUCTION
ENVIRONMENTAL
SOCIAL
Feature: Our Commitment
to Racial Equity
Diversity, Equity & Inclusion
Human Capital
Inclusive Growth
GOVERNANCE
ESG REPORT APPENDICES

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