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Now this is the context that precedes our debated text. Here is the text again that you presented:
Chrysostom asks the question is the debt/works paradigm the greatest? He has already answered that question above and he answers again here with, “By no means: for it is reckoned to the believer”. He also states it would not be reckoned unless the believer contributed something and this makes God his debtor. Furthermore, he states this is not a common thing, because it is greater than God just giving this to those who believe, God gives it to the
ungodly one who believes in Him! This is the amazing point that Chrysostom is bringing out. God takes a person who has lived an impious life and not only frees him from punishment, but also makes him just by giving him the gift of God’s righteousness. Now, if you remember this was one of the points I mentioned when I read James Akins article. In initial justification he was speaking of the believer being at a state purity, but not having the good works yet. Chrysostom is saying, not only is there a removal of punishment because sins are removed(purity), but there is also a positive righteousness, which is God’s righteousness. The believer actually has righteousness at initial justification.
So, even though Chrysostom uses the phrase “makes just” it doesn’t contradict justification by faith alone, because we also believe we are made just at justification. Otherwise, God would not declare us just. The point is we are made just because God righteousness is given to us and therefore it is truly and really ours.
The only quibble I would have with what Chrysostom has said above is that I don’t agree with the language that the believer is making God his debtor in
this context, because it seems clear the Apostle is making the opposite point. That is, God is not our debtor because we receive His righteousness as a gift. But the meaning behind what Chrysostom is saying is totally in line with justification by faith alone. .