Philadelphia’s legacy spans centuries, from America’s founding to its position today as the country’s sixth-largest city.¹ But despite its vibrancy, more than one in five Philadelphians lives below the poverty line²—a disparity requiring strategic investment.

Since 2014, we’ve invested more than $260 million in Philadelphia community development organizations committed to creating a city where everyone can thrive. Our investments include: 

• $45 million to develop and finance more than 430 affordable rental units
• $200 million in New Markets Tax Credit investments in schools, grocery stores that improve access to fresh food and other facilities providing essential community services 
• $16.7 million in Historic Tax Credit equity to preserve historic buildings while transforming them into new housing and a high school

It’s part of JPMorganChase’s broader investment in Philadelphia. Our Community Development Banking and Agency Lending employees work closely with local Philadelphia community development organizations to deliver targeted support where it’s most needed.