Read more: JPMorgan Chase outlines housing affordability initiatives

Six organizations will benefit, including Community Justice Project (Miami, FL), Community Legal Services (Philadelphia, PA), The COVID-19 Eviction Defense Project (Colorado), Equal Justice Works (Richmond, VA), Texas Housers (Houston, TX) and Neighborhood Housing Services of Chicago (Chicago, IL).

The organizations intend to use the capital to design and test innovative models – such as eviction prevention support, rental assistance, access to legal services, and resources for small landlords – to improve household stability.