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JPMorgan Chase expects the fund to leverage another $1 billion in private investment. JPMorgan Chase expects the fund to leverage another $1 billion in private investment.

NEW YORK CITY—JPMorgan Chase launched today a $500-million fund that will eventually invest a total of $500 million in up to 30 U.S. cities.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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