JPMorgan Chase gives $3 million to build affordable housing in San Bernardino

JPMorgan Chase recently awarded $3 million to Neighborhood Partnership Housing Services (NPHS) to increase the supply of affordable housing in San Bernardino.

NPHS will use the funds to facilitate building factory-built single-family homes and accessory dwelling units (ADUs) on vacant lots throughout the city. NPHS will also increase the number of developers of color who can access factory-built housing and incorporate energy-efficient features and weatherization upgrades into factory-built homes in order to help lower pollutants, stay resilient and adaptive against weather, and lower utility costs.

“NPHS is grateful for JPMorgan Chase’s investment which will support the use of factory-built housing technology to increase the supply of affordable homeownership and mitigate the impacts of climate change on low-income homeowners,” stated NPHS CEO, Clemente Mojica. “This grant will expand our reach throughout underserved markets and address the systemic obstacles that have historically impeded households of color from achieving and sustaining homeownership.”

NPHS officials estimate that 20% of construction costs can be saved fashioning units in a factory compared to on-site.

For more information about the project, visit https://nphsinc.org/.