Business

Chase Home Lending expands grant program to help more minority customers become homeowners

By Patty Tascarella

Chase Bank Chase has expanded its grant program to help customers cover closing costs and down payment when buying a home in minority neighborhoods nationwide, including 60 census tracts in the Pittsburgh region. Chase's downtown Pittsburgh branch is shown here.

By Patty Tascarella

PITTSBURGH — Chase Home Lending, part of JPMorgan Chase & Co., expanded its grant program to $5,000 to help more customers cover closing costs and down payment when buying a home in 6,700 minority neighborhoods nationwide.

New York-based Chase (NYSE:JPM) is the nation’s largest bank according to assets, which were $3.4 trillion as of the end of 2020. It entered the Pittsburgh retail banking landscape in fall 2019.

Chase said effectively doubling the grant size to $5,000 and expanding it geographically is another step in its $30 billion Path Forward commitment to help close the racial wealth gap. That includes helping an additional 40,000 Black or Latinx families buy a home over the next five years. Qualified customers can receive an additional $500 by completing a certified education course and getting a DreaMaker mortgage through Chase.

Read more from our news partners at the Pittsburgh Business Times.

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