Community Development Real
Estate Financing

Chase has a strong history of financing affordable housing and commercial developments with both for-profit and not-for-profit sponsors. Through our Community Development Banking group, we have committed $9.1 billion to support financing for the construction or rehabilitation of affordable housing, special-needs facilities and commercial real estate development projects.

Each project is underwritten and managed by a dedicated Commercial Banker, with individualized attention provided by other Chase team members who are knowledgeable about the unique needs of Community Development Real Estate.

 
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A Proven Commitment

Chase has financed more than 70,000 units of housing for both renters and homeowners, one of the largest commitments by a financial institution.

 
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Chase specializes in the following types of community development projects:

  • Multifamily rental housing: Construction, interim and permanent financing for rehabilitation and new construction of multifamily affordable rental housing
  • Commercial real estate: Commercial developments that provide neighborhood services and meet community needs
 

Chase offers financing products for projects of any size and complexity, including:

  • Construction financing: Construction, bridge and permanent financing for development of affordable rental properties using low-income-housing tax credits
  • Tax credit projects: Construction financing and bridge financing for development of affordable rental housing using low-income-housing tax credits
  • Credit enhancements: Letters of credit and other products to support bond financing and/or other third-party transactions
  • New Markets Tax Credit financing: Loans at below-market interest rates and equity-like financing for eligible projects, with a focus on commercial and nonprofit projects
 

To learn more about Community Development Banking,
please contact us or call your Commercial Banker.