A former Nordstrom Rack in San Francisco is slated to be converted into apartments. The building will contain 136 apartments. This development is part of efforts to expand the city's housing supply.

JPMorgan Chase has committed a significant amount of funding to support this goal. The company has unveiled a $200 million investment to help increase the availability of housing in the city. Further details about the project and investment are available from KTVU FOX 2 News, which reported on the announcement made by Mayor Daniel Lurie.