This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Chase Invests $1.25 Million In Enterprise Community Partners To Preserve Affordable Housing Options Near Metro Denver Transit Stops

Stocks in this article: JPM

Helping preserve affordable housing options along metro Denver’s expanding transit corridors, Chase has targeted approximately $1.25 million of a $5 million national grant to help Enterprise Community Partner’s (Enterprise) subsidiary, Enterprise Community Loan Fund, provide flexible loans to groups focused on preserving permanently affordable multi-family housing near public transportation stops. These resources will build on and complement the work Enterprise and its partners are already doing with the Denver TOD Fund.

“Enterprise appreciates Chase’s long-time alliance to help our partners preserve and develop affordable homes,” said Melinda Pollack, vice president, Enterprise Community Partners, in Denver. “This investment builds on the momentum of Mile High Connects (formerly the Mile High Transit Opportunity Collaborative) and the Denver TOD Fund, and meets a growing need in metro Denver.”

In communities throughout the country, existing affordable housing units are being lost to increasing property values, owner opt-outs of affordable restrictions and foreclosure. Preserving affordable housing is vitally important to maintaining stable housing choices and opportunities for low- and moderate-income individuals and families. The combined cost of housing and transportation consumes nearly 60 percent of the gross income of many low- and moderate-income people in the Denver region. It’s critical that people have access to both.

“In Enterprise, we have a local and national partner who can have a tremendous impact in metro Denver, especially as our transportation infrastructure grows,” said Todd Munson, president of JPMorgan Chase in Colorado. “This grant complements the work Chase has been doing to support long-term affordable housing in Denver and beyond.”

Chase has partnered with top-tier CDFIs for more than 20 years and remains a national leader in their financing. Over the last three years, Chase provided more than $1 billion in loans, grants and investments to CDFIs and their affiliates, committing $100 million toward CDFIs over the last two years. In addition, Chase has provided $50 million for charter schools, in conjunction with a larger $325 million charter school initiative; $25 million to small businesses; and $5 million for other community needs including healthy food access.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs