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JPMorgan Chase & Co. to launch the fourth PRO Neighborhoods competition

On April 3, JPMorgan Chase & Co. will launch the fourth PRO Neighborhoods annual competition.

Thriving neighborhoods are critical to the long-term economic success of individuals, communities, and cities. At a time when economic growth is often directed toward reviving commercial corridors and downtowns, many neighborhoods, families and small business owners are being left behind. PRO Neighborhoods is a five-year initiative to identify and support custom solutions for the unique challenges facing disadvantaged neighborhoods in U.S. cities.

 

The 2017 PRO Neighborhoods will continue to support innovative strategies by local community development finance institutions (CDFIs) that combine balance sheets, talent and technology to advance economic opportunity in distressed neighborhoods. Similar to last year, this year’s RFP will encourage applicants to be specific about the neighborhoods and populations they are serving, support the growth of diverse led CDFIs, and aim build the balance sheet of CDFIs with net assets of less than $75MM.

 

Houston is a priority market for this competition.

 

There is an information call on Thursday, April 6 at 2:00 p.m. EST to answer your questions on the program and RFP.

-        Date: Thursday, April 6

-        Time: 2:00 p.m. – 3:00 p.m. EST

-        Please RSVP here

 

If you are interested in receiving the application when the competition launches, please sign up here. If you have any questions you can email cdfi.requestforproposal@jpmchase.com.