Through the equitable neighborhood development action plans, grant recipients will work to achieve goals including preventing involuntary displacement and increasing access to wealth generating assets for low-income communities through strategies that will include, affordable housing and/or commercial real estate development, policy development and advocacy, affordable housing and/or small business lending, housing services and programs, small business development, and community engagement.
“We, at JPMorgan Chase, are proud to partner with NALCAB to drive equitable neighborhood development through smart, collaborative and data-driven strategies,” said Michael George Johnson, Vice President and Community Development Program Officer. “Together, we’re working to make a measurable impact in the communities where we work and do business, driving change for those who need it most.”
The selected subgrantees include:
Through grants and technical assistance, NALCAB desires to build the capacity of these organizations to use data analysis and mapping to analyze local real estate market dynamics and anticipate their impacts on low- and moderate-income communities, and to use that analysis to develop, inform, and build support for equitable development strategies in communities facing gentrification pressures and in rural markets in need of revitalization. In addition to the funding, grantees will receive technical assistance from NALCAB staff and consultant partners, access to training opportunities, and peer-to-peer network development.