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Bank commits $8.45 million for Baltimore vacant housing, small businesses

Canva.com

(Baltimore, MD) -- The nation's largest bank is pledging nearly $8.5 million to address the Baltimore's vacant housing crisis and support small businesses.

JPMorgan Chase announced it's committing $6 million to stabilize the housing supply and increase access to affordable homes.

$2.5 million will go to support small business growth and expansion, and revitalizing commercial corridors.

The money is part of the bank's $20 million, five-year philanthropic commitment to Baltimore.

24/7 News Source contributed to this report.