Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  JP Morgan Chase & Company    JPM

JP MORGAN CHASE & COMPANY (JPM)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

JP Morgan Chase mpany : Millions to boost affordable housing needs in Orlando

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/05/2017 | 08:39pm CEST

Oct. 05--Affordable housing efforts in Central Florida -- one of the nation's most challenged regions for low-income housing needs -- got a $5 million boost Thursday from JP Morgan Chase.

The funds come just as the region braces for what is likely to be an influx of residents relocating from hurricane-ravaged Puerto Rico.

Former U.S. Housing and Urban Development Secretary Mel Martinez, who got his political start in Orlando and now oversees the Southeast for JP Morgan, led Thursday's announcement by saying Central Florida would become the nation's top community to assist Puerto Rican evacuees. Orange County has the country's third largest population from the island nation, Census records show.

"And so while we do have a problem now, this problem isn't going to be any easier in the months to come than it has been in the past," Martinez told an audience of about 150 affordable housing officials and executives gathered Thursday morning at the Orlando First Presbyterian Church for the announcement.

Mayors Buddy Dyer and Teresa Jacobs spoke in support of efforts to make the region affordable to anyone who wants to live in it.

Metro Orlando, which includes Orange, Seminole, Lake and Osceola counties, ranked third nationally for its lack of housing for extremely low-income residents, a study released earlier this year shows. Few places in the country have enough rentals for income-challenged residents but Orlando's shortage is twice as severe as the nation's, according to the National Low Income Housing Coalition.

Two financial groups -- Florida Community Loan Fund and New Jersey Community Capital -- will determine how the funds will be distributed over three years.

Part of the money will boost Crising Housing Solutions' plans to develop a shipping container community in Metro Orlando. In addition, funds will also go to the bulk purchase and renovation of distress properties, as well as purchasing and rehabbing apartment complexes.

Crisis Housing co-founder Craig Vanderlaan said he expects to have two Central Florida sites as soon as the end of this year for the container development. He said his group is still pursuing building a three-story project with 16 to 25 units on a half acre in downtown Orlando. He also mentioned Osceola County as a possible location.

[email protected] or 407-420-5538

___

(c)2017 The Orlando Sentinel (Orlando, Fla.)

Visit The Orlando Sentinel (Orlando, Fla.) at www.OrlandoSentinel.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on JP MORGAN CHASE & COMPANY
08:42pBofA profit beats on consumer loan growth, lower expenses
RE
06:47pTelkom faces least risk, says JP Morgan
AQ
04:21pJP MORGAN CHASE MPANY : JPMorgan Chase Declares Preferred Stock Dividends
AQ
01:08pJP MORGAN CHASE MPANY : Roivant's urology subsidiary files for $150M IPO
AQ
12:28pBeware the reach of Her Majesty's taxman, Brexit bankers told
RE
11:45aBig Banks Reshape Lobbying Game
DJ
10:21aJP MORGAN CHASE MPANY : lowers forecasts for global oil products demand growth
AQ
09:38aJP MORGAN CHASE MPANY : Chinese economy slows as trade war casts shadow – ..
AQ
07/14JP MORGAN CHASE MPANY : Mortgage Originations Up at Chase, Servicing Down
AQ
07/14Economy Heats Up Profits at Big Banks -- WSJ
DJ
More news
News from SeekingAlpha
07:15aNEVER SAY NEVER AGAIN : Some Of The Most Amazing Divergences Over The Past 25 Ye.. 
07/15JPMORGAN CHASE : The Cream Of The Financial Crop 
07/15Amazon Hastens Retail Pharma's Last Stand 
07/14STOCKS TO WATCH : Prime Time In Retail 
07/13CITIGROUP EARNINGS : Not That Much To Celebrate 
Financials ($)
Sales 2018 110 B
EBIT 2018 45 754 M
Net income 2018 30 869 M
Debt 2018 -
Yield 2018 2,49%
P/E ratio 2018 11,73
P/E ratio 2019 10,87
Capi. / Sales 2018 3,28x
Capi. / Sales 2019 3,15x
Capitalization 362 B
Chart JP MORGAN CHASE & COMPANY
Duration : Period :
JP Morgan Chase & Company Technical Analysis Chart | JPM | US46625H1005 | 4-Traders
Technical analysis trends JP MORGAN CHASE & COMPANY
Short TermMid-TermLong Term
TrendsNeutralBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 119 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
James Dimon Chairman & Chief Executive Officer
Gordon A. Smith Co-President & Co-Chief Operating Officer
Daniel E. Pinto Co-President & Co-Chief Operating Officer
Marianne Lake Chief Financial Officer & Executive Vice President
Lori A. Beer Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
JP MORGAN CHASE & COMPANY-0.54%362 132
BANK OF AMERICA-3.29%289 479
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-13.55%277 806
WELLS FARGO-8.75%269 762
CHINA CONSTRUCTION BANK CORPORATION-9.11%237 140
BANK OF CHINA LTD-10.33%191 449