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Proposal for the City of Santa Ana <br />JT Mo l gan <br />.sY';;BiP'itt3tt% �.+ ii "g'i374;s�';,`tet+ t ';9f.::SEd:)Bt'tr;.'B? iC °aY i7E =' `9F f '.;�; ;`- irila Ana <br />Within the last three years, J.P. Morgan originated more than $46 million in community development <br />loans in and around the City of Santa Ana, California. <br />J.P. Morgan has continued to maintain excellent responsiveness to the community development needs of <br />its assessment area through its significant level of qualified cornrnunity development investments. <br />J.P. Morgan makes substantial investments in Low - Income Housing Tax Credits which help finance the <br />creation of low- or moderate - income affordable housing. The Bank made $7 million in new investments in <br />and around the City of Santa Ana over the last three years. <br />A perennial leader in community development lending, J.P. Morgan provides financing for affordable <br />housing and economic development projects in low- and moderate- incorne communities. In the last three <br />years, the bank made over 1,800 mortgage loans totaling more than $760 million in the City of Santa Ana, <br />of which 23% were made to low- or moderate - income (LMI) borrowers and 56% were made for homes <br />located in low- or moderate - income communities. <br />The bank is also a market leader in the area of small business lending, making available a full range of <br />competitively priced products designed to meet the needs of small businesses and their owners. These <br />products include business installment loans, revolving credit lines, commercial mortgages, letters of <br />credit, SBA - guaranteed loans, and business credit cards. For most products, loan size ranges from <br />53,000 to 5250,000, with larger amounts considered under programs like the commercial mortgage and <br />SBA programs, Our branch network provides banking services and sales support for small business <br />lending customors. A small business loan is defined as any loan in the amount of $t million or less <br />provided to a business for business purposes. During the specified three -year period, the bank made <br />more than 3,600 small business loans totaling $44,6 million in the City of Santa Ana, of which, 56.5% <br />were made to businesses located in low- or moderate- income communities. <br />!'ayn .53 <br />