Philanthropy Could Help Fast-Track Adoption of Manufactured Housing, JPMorgan Says

New kinds of home construction inherently carry risks. But philanthropy could make a big difference in bridging the gap.In a recent statement, JPMorgan Chase's housing research group highlighted a few ways that philanthropy is accelerating new construction methods. That includes modular homebuilding and new emerging technologies that need money and partnerships to get off the ground.Banks are responding to the nationwide housing supply shortage, with JPMorgan investing $750 billion into the housing market through its "American Dream Initiative" to build or preserve 1 million affordable housing units through 2035.Housing finance leaders think systemic reform to encourage more homebuilding is the path to broader affordability. And of course, philanthropy can't sustainably buoy the housing market. But JPMorgan says there are certain niche spaces where philanthropy can make a big difference.“Innovative homebuilding techniques help to lower costs and shorten timelines, delivering more affordable homes at a lower price," said Laurie Schoeman, executive director of Housing Access and Affordability at JPMorgan Chase's philanthropy arm.JPMorgan said there are four places where the philanthr...