JPMorgan Chase & Co. today announced a $1.5 million investment over five years to support new affordable housing opportunities for the residents of the city’s South Side. The investment will support 15 residential units per year that are part of Nationwide Children’s Hospital’s Healthy Neighborhoods Healthy Families initiative. The initiative focuses on five impact areas: affordable housing, education, health and wellness, safe and accessible neighborhoods, and workforce development.
“On behalf of the patient families we serve, especially those who reside and work on the Columbus’s South Side, we want to extend our heartfelt gratitude to JPMorgan Chase for this generous donation to Healthy Neighborhoods Healthy Families,” said Timothy C. Robinson, executive vice president chief financial/administrative officer at Nationwide Children’s Hospital. “JPMorgan Chase understands the importance of the health and well-being of all children and families regardless of where they live.”
This B2B payments solution, to be rolled out next year, will be seamlessly integrated into Chase’s digital platform for businesses, which is designed to simplify the banking experience with a convenient and intuitive online and mobile solution.
The JPMorgan Chase investment will provide gap financing to support the renovation of several clusters of affordable housing units – about 75 total units - on the South Side, including a recently completed project at 858 Stanley Ave., and a project under construction at 985 Carpenter St.
An additional $75,000 investment from JPMorgan Chase is supporting a unique 2,400 square foot, multi-purpose learning and business center at The Residences at Career Gateway, a newly opened 58-unit complex. The Career Gateway Training Center is offering tenants and residents of the surrounding community workforce training and support from a diverse group of local organizations, including Columbus City Schools, Dress for Success, Goodwill Columbus, and Nationwide Children’s Hospital. The programs at the training center, located at 747 E. Whittier St., are being coordinated by Community Development for All People (CD4AP). The organization’s mission is to improve the quality of life for South Side residents through strategic collaboration.
“The Career Gateway Training Center is another example of the great things that are happening on the South Side thanks to the investments of companies like JPMorgan Chase,” said Rev. John Edgar, Executive Director of CD4AP. “It’s truly a model of collaboration, proactive programming, and active support for our neighbors.”
“Columbus is a vibrant place to learn, work, and raise a family – and our momentum is palpable. As business leaders and community members, we need to insure that all of our neighbors and neighborhoods have equal access to the wonderful opportunities our region has to offer,” said Mark Slayman, Managing Director and co-chair of JPMorgan Chase’s central Ohio market leadership team. “We are hopeful that this investment will open the door of opportunity for many South Side families.”
History of JPMorgan Chase in Columbus
JPMorgan Chase has an extensive history in Columbus with roots stretching back to 1868. Today it is the region’s largest corporate employer with more than 18,500 people supporting individuals, companies and institutions worldwide. The firm serves four million Ohio consumers, nearly 250,000 businesses, and operates more than 250 branches in the Buckeye State. For more information visit: www.jpmorganchase.com/columbus.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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