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المشهد العربي
J.P. Morgan commits $750B to US housing
J.P. Morgan Bank has announced an investment plan worth $750 billion over the next ten years to support the housing sector in the United States. The initiative includes the creation or renovation of approximately one million affordable and moderate-cost housing units, providing financial facilities to about 500,000 citizens to own homes, and strengthening financial policies and legislation that support real estate development. The program also involves hiring 850 new advisors to enhance mortgage financing operations, with an expected sector-wide increase in business volume of over 45%.
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