San Francisco Chronicle: JP Morgan Chase commits $22 million for Bay Area housing

“JPMorgan Chase is committing $22 million in low-interest loans and grants to boost Bay Area affordable housing as the bank deepens its connection to the region.

“Amie Fishman, executive director of the Non-Profit Housing Association of Northern California, said JPMorgan is working with reputable partners. “I think it’s a model other banks and other businesses should follow,” she said.

“It is fantastic that tech companies have made these huge commitments, but we are concerned that these are going to take a long time,” Fishman said.

““The Bay Area is still a place where JPMorgan is going to focus,” said Allen Fernandez Smith, JPMorgan’s head of West Region Global Philanthropy. “We have a long history. It’s where we want to be.””

Read more via the San Francisco Chronicle…