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January 30 2013

Vice Chairman of JPMorgan Chase, Secretary Alphonso Jackson Takes a Seat on the HOPE National Board of Directors


LOS ANGELES – January 31, 2013 – Financial dignity nonprofit Operation HOPE (HOPE) today announced the appointment of former United States Secretary of Housing and Urban Development Alphonso Jackson, Vice-Chairman of Consumer & Community Banking with JPMorgan Chase in New York City, to HOPE’s National Board of Directors. With this appointment, Jackson becomes the organization’s most recent Silver Rights Ambassador in its mission to make free enterprise and capitalism relevant to all underserved communities.
“Operation HOPE is honored to welcome Secretary Alphonso Jackson to its National Board of Directors,” said John Hope Bryant, founder, chairman and CEO of HOPE. “The expertise and dedication Mr. Jackson brings to the board further ensures the success of our national programs. We believe his support will be a defining factor towards making our movement become a reality."
Jackson will provide leadership, guidance and help generate ongoing support for HOPE programs and activities during his two-year service on the board. He also will be an active member, participating in national and international events to highlight the role and importance of financial literacy and dignity. 
“I worked with John Hope Bryant when I was Secretary, and John enlightened me about the importance of financial literacy in the United States, generally and in underserved communities specifically,” Jackson stated. “I am pleased to be a part of the movement to help improve financial literacy and dignity in America.”
Prior to joining JPMorgan Chase, Secretary Alphonso Jackson served as the Director of the Center for Public Policy and Leadership and as the Distinguished University Professor at Hampton University.
Jackson joined the Bush Administration in June of 2001 as HUD's Deputy Secretary and Chief Operating Officer. As Deputy Secretary, Jackson managed the day-to-day operations of the $32 billion agency and instilled a new commitment to ethics and accountability within HUD's programs and among its workforce and grant partners.
From 2004-2008, Secretary Jackson guided the U.S. Department of Housing and Urban Development (HUD) in its mission of providing affordable housing and promoting economic development, an assignment to which he brought more than 25 years of direct experience in both the private and public sectors. 
In nominating Jackson, President George W. Bush chose a leader with a strong background in housing and community development, expertise in finance and management, and a deep commitment to improving the lives of all Americans.
The U.S. Senate unanimously confirmed Jackson as the nation's 13th Secretary of HUD on March 31, 2004. 
Immediately preceding his appointment at HUD, Secretary Jackson served as President of American Electric Power-TEXAS, a $13 billion utility company located in Austin, Texas. From 1989-1996, Jackson was President and CEO of the Housing Authority of Dallas, Texas. Prior to that, he was director of the Department of Public and Assisted Housing in Washington, D.C., and also served as chairperson for the District of Columbia Redevelopment Land Agency Board. 
Secretary Jackson holds a bachelor's degree in political science and a master's degree in education administration from Truman State University. He received his law degree from Washington University School of Law.
An expert on public housing and urban issues, Jackson has been asked to serve on a number of national and state commissions, most notably the General Services Commission of the State of Texas, where he served as Chairman; the National Commission on America's Urban Families, and the National Commission on Severely Distressed Public Housing. Secretary Jackson has also lent his expertise to numerous nonprofit and corporate boards. 
HOPE’s National Board is comprised of some of the country’s most powerful executives, decision-makers, bankers and economists. These individuals play an essential role in driving HOPE’s Silver Rights Movement to expand economic opportunity, and make capitalism and free enterprise accessible to underserved communities. A complete 2013 list of HOPE Boards may be viewed online. To learn more about HOPE, visit our website at,, and