JPMorgan Chase donates $250 million free, discounted homes

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JPMorgan Chase donates $250 million free, discounted homes

JPMorgan Chase donates $250 million free, discounted homes

What properties were they? Did investors approve this?


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JPMorgan Chase (JPM) has donated or sold at a discount more than $250 million in corporate-owned homes to community associations, municipalities, veteran groups and nonprofit housing providers across the country.

The initiative, which is titled the Chase Community Revitalization Program, began in 2009 as part of a corporate-wide effort to help customers and communities cope with the effects of the housing crisis.

Since the program started, the company has donated or sold more than 5,300 properties in 43 different states.

[HOUSING WIRE]

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2 Responses to “JPMorgan Chase donates $250 million free, discounted homes”

  1. nydeemarie says:

    I’d be curious to know… How was this donation valued?

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