Case Study: JPMorgan achieves 408 affordable micro-apartments in Chicago with Walker & Dunlop

JPMorgan funds $82M Chicago rehab with Walker & Dunlop

The customer, JPMorgan, worked with the vendor Walker & Dunlop to secure financing for a major rehabilitation project. The challenge was to fund a comprehensive modernization of the historic Lawson House property in Chicago to convert it into affordable housing while preserving its character.

Walker & Dunlop provided a solution by securing $82 million in tax credit equity for JPMorgan's investment. This crucial financing allowed for significant renovations that created 408 affordable micro-apartments. The project resulted in a total economic impact of $55 million and supported 268 jobs, helping to improve housing options and contribute to Chicago's growth.

JPMorgan