JPMorganChase says it intends to deploy over $750 billion through 2035 to increase housing supply and support homeownership in the U.S. through its American Dream Initiative.

This marks a nearly a 40% increase in the firm’s housing capital deployment compared to the past decade. It includes financing for 1 million affordable housing units and help for 500,000 homebuyers to purchase homes.

The firm will also expand support for pro-growth housing policies that reduce barriers, accelerate housing production, and allow for additional lending. It intends to deepen collaboration with policymakers and community partners to accelerate and scale state and local solutions, such as streamlined zoning, building codes, permitting, expanded tax credits, and public-private partnerships.

“We’re focused on helping more people access quality housing they can afford—and we’re working across the real estate community, local governments, and nonprofits to scale housing solutions throughout the U.S.,” said Michelle Herrick, head of commercial real estate for J.P. Morgan.