Addressing Heirs Property and Vacant Homes Challenges

This document is a report detailing JPMorganChase's initiatives to address the issues surrounding heirs property and vacant homes. It outlines the economic decline caused by vacant homes, which depress property values and contribute to neighborhood disrepair. The report describes heirs property as a form of ownership that complicates title transfer and increases the risk of property loss. It emphasizes the importance of home equity for families and how heirs property can hinder access to government assistance programs. The report also presents JPMorganChase's philanthropic efforts, including financial commitments to organizations that provide services such as title clearance and estate planning. Furthermore, it discusses support for policies aimed at preserving homeownership and facilitating generational wealth transfer, including the Uniform Partition of Heirs Property Act and the HEIRS Act of 2024. The document concludes with insights from research and initiatives aimed at resolving these interconnected issues.