JPMorgan commits $750 billion to US housing and homeownership through 2035

JPMorgan Chase announced it will deploy more than $750 billion into the U.S. housing market through 2035 as part of its American Dream Initiative.
The bank plans to increase its mortgage lending by over 40% to assist 500,000 homebuyers and will hire 850 new home lending advisors to support the push.
The initiative aims to produce and preserve over 1 million affordable housing units, and JPMorgan will chair the U.S. Chamber of Commerce's newly formed Housing Advisory Council.

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