JPMORGAN TO DEPLOY $750B FOR AFFORDABLE HOUSING BY 2035

Summary from the TLDR Fintech newsletter

JPMorgan plans to help build or preserve 1 million lower-cost homes and support 500,000 homebuyers, including 200,000 first-time buyers. The bank expects to increase mortgage lending by roughly 40% and hire 850 home lending advisers while partnering with developers, nonprofits, and governments to expand housing supply.