Chase has awarded a $2 million grant to Community Vision. The grant will be used to provide loans to nonprofit agencies to support larger-scale affordable housing preservation projects in the greater San Francisco Bay Area and Central Valley communities.
“This is one more way we are helping communities survive and grow in this challenging economy,” said Peter Barker, Chairman of JP Morgan Chase in California. “Community Vision is well-respected in their communities and has forged deep relationships with their clients and community leaders. Our grant ultimately will help increase the financial resiliency and sustainability of community-based nonprofits and enterprises which serve low-income populations throughout Northern California.”
Chase has partnered with Community Vision since 1998, supporting them in developing innovative ways to provide much-needed financing to preserve affordable housing units. We thank Chase for their generous support over the years and look forward to working with them in the years to come.