JPMorgan Chase & Co., State and Local Leaders Join Forces to Address Homelessness in Florida
October 23 2014 - 12:14PM
Business Wire
Privately funded collaborative project will
kick off this fall and take a deeper look into the needs of
families, veterans, and others facing homelessness to identify
resources and solutions
Homelessness rates for children, families and the disabled have
recently increased in Florida. To help create lasting solutions to
address chronic and temporary homelessness across all affected
groups, a new public-private collaboration is kicking off this
fall.
Working with experts across the state, JPMorgan Chase is funding
an innovative study that will get a complete picture of
homelessness in Florida and inform strategies to help prevent it.
The work will be led by Barbara Poppe, former executive director of
the United States Interagency Council on Homelessness, and a
national authority on the subject of homelessness and the models
needed to address it.
The Central Florida Commission on Homelessness also will
collaborate on the effort.
“Every family, every individual that is experiencing
homelessness needs our help and the more we know about them, the
better prepared we are to help them find a place to live, a job,
and a way to get back on their feet permanently and productively,”
said Sen. Mel Martinez, chairman for JPMorgan Chase in Florida.
The effort is supported by state officials and Jacksonville
Mayor Alvin Brown, Tampa Mayor Bob Buckhorn, Orlando Mayor Buddy
Dyer, and Orange County Mayor Teresa Jacobs. All are aligning
forces to generate increased public awareness of the issue in their
respective cities.
“Solving complex challenges such as addressing homelessness
takes a comprehensive solution,” said Orlando Mayor Buddy Dyer.
“This project will allow our regional efforts to benefit from a
statewide perspective resulting in better coordination and modeling
of successful programs from cities across the state.”
According to the group, fixing this issue will contribute to a
stronger economy and relieve pressure on the healthcare system, law
enforcement and local resources, such as substance abuse
programs.
“We welcome this strategic, evidence-based approach to helping
homeless families and individuals,” said Jacksonville Mayor Alvin
Brown. “Public-private partnerships are a key part of the solution.
This study provides the opportunity to enable our cities to find
more solutions to end homelessness.”
In Central Florida, where the rate of chronic and family
homelessness rank among the highest in the state, the effort also
will complement initiatives from Mayor Dyer, and Mayor Jacobs, who
each have committed resources and significant investments to
address the issue locally.
“Orange County is deeply grateful for the study that JPMorgan is
undertaking, as well as the broad spectrum of their focus,
including the chronically homeless, our children, families and
veterans,” said Orange County Mayor Teresa Jacobs. “Orange County
looks forward to sharing our data, as well as outcomes from our
ongoing efforts.”
Through the study, experts in homelessness across the state and
nationwide will investigate the personal and community situations
that lead to homelessness.
“As mayors across Florida are aware, homelessness is not a
unique problem to Tampa or Hillsborough County. We need to model
what we do based on what other cities do right, and this study will
give us those solutions,” said Tampa Mayor Bob Buckhorn. “I
appreciate JPMorgan Chase as well as Ms. Poppe’s commitment to
working with mayors and other community leaders to tackle this
issue.”
In its 2014 report, the Council on Homelessness found that
families with children are the most rapidly growing homeless
population in the state. Furthermore, the report concluded that
current research methods are not sufficient to provide the in-depth
data needed to effectively identify and address the issues that are
contributing to homelessness.
“This collaborative analysis will greatly help us plan and
develop permanent solutions, and learn how we can prevent anyone
from being out on the street. The more we know about the economic,
health and personal situations that lead to people being displaced,
the more we can plan to stop it before it happens, and act quickly
to help solve it,” said Erik Braun, director of the Office on
Homelessness, from the Florida Department of Children and
Families.
Current research methods rely heavily on volunteer support and
are impacted by variables such as weather that may result in
misleading counts.
The findings of the study will guide the creation of programs
and strategies that inform policy-making, and help structure
prevention and intervention programs. Data is expected to be
available early in 2015.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global
financial services firm with assets of $2.5 trillion and
operations worldwide. The Firm is a leader in investment banking,
financial services for consumers and small businesses, commercial
banking, financial transaction processing, and asset management. A
component of the Dow Jones Industrial Average, JPMorgan Chase &
Co. serves millions of consumers in the United States and many of
the world's most prominent corporate, institutional and government
clients under its J.P. Morgan and Chase brands. Information about
JPMorgan Chase & Co. is available at www.jpmorganchase.com.
.
JPMorgan Chase & Co.Maribel Ferrer,
305-469-2810Maribel.Ferrer@chase.com
JP Morgan Chase (NYSE:JPM)
Historical Stock Chart
From Apr 2024 to May 2024
JP Morgan Chase (NYSE:JPM)
Historical Stock Chart
From May 2023 to May 2024