To help community development financial institutions improvecapital access to small businesses and create affordable housing,JPMorgan Chase & Co. has developed a grant program to make ithappen.
In addition, the New York-based bank said its CDFICollaboratives program will award $33 million to CDFIs to alsobuild healthy food networks and create economic growth indistressed and underserved communities.
The grants, available through the JPMorgan Chase Foundation,range from $2 million to $7 million.
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