JPMorgan Chase Commits $15 Million to Expand Economic Growth in Detroit’s Neighborhoods

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JPMorgan Chase commits $5 million to Detroit neighborhoods – JPMorgan Chase commits $5 million to Detroit neighborhoods. It will help finance multi-unit residential, business and mixed-use developments to add neighborhood density and tie in with major.

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JPMorgan Chase, as part of its $150-million commitment to Detroit’s revitalization, announced Thursday that it will invest $15 million in Mayor Mike Duggan’s Strategic Neighborhood Fund.

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JPMorgan Chase has committed $15 million to support Detroit’s neighborhoods to help more Detroit residents benefit from the city’s continued economic recovery. As part of JPMorgan Chase’s $150 million, five-year commitment to Detroit, this new investment, which combines a $10 million, long-term, low-cost loan and $5 million in philanthropy, is expected to expand economic opportunity in these neighborhoods.

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JPMorgan Chase & Co. today announced that it will expand. invested 7 million in loans and grants in Detroit’s economic recovery, including $50 million in community development financing, $25.8.

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The 50-acre Riverscape Parkway project is characteristic of the “smart growth. to increase quality of life and economic and social strength.” JPMorgan Chase and TIAA-CREF, as the Fund’s lead.

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