Key Supports Affordable Housing

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Key Supports Affordable Housing

KeyBank Community Development Lending and Investment helps fulfill Key’s purpose to help clients and communities thrive by financing projects that stabilize and revitalize communities. Experts in complex tax credit investing, Key is one of a handful of affordable housing lenders in the country with a platform that brings together balance sheet, equity, and permanent loan offerings. In 2014, Key’s Community Development Lending and Investment platform provided nearly $400 million in debt and equity financing to developments in underserved communities. KCDC alone has a substantial portfolio with a current book value of more than $1 billion, 90% of which is Low Income Housing Tax Credit investment. For its ability to lend to, invest in, and serve its communities, especially low-to-moderate income communities, KeyBank, as of its last exam, was the first top U.S. bank to have earned eight “Outstanding” ratings from the Office of the Comptroller of the Currency (OCC), for exceeding the terms of the Community Reinvestment Act (CRA) exam.

Content from this campaign

KeyBank Provides $8.2 Million in Financing for Construction of New York Affordable Housing Property
CLEVELAND, December 13, 2017 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided an $8.2 million credit enhancement for the construction of Roosevelt Residences, located in Utica, NY. The project is being developed by Norstar Development USA, L.P., and the Municipal Housing Authority of the City of Utica, NY. The...
Dec 13, 2017 4:00 PM ET
KeyBank Provides $8.3 Million in Total Financing for Affordable Housing in Cincinnati
CLEVELAND, November 27, 2017 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided a total of $8.3 million in 9% LIHTC financing to The Model Group, Inc. and Over-the-Rhine Community Housing, Inc. (OTRH) for the acquisition and renovation of Morgan Apartments, a 48-unit scattered site, affordable multifamily housing project in Cincinnati, OH...
Nov 27, 2017 11:00 AM ET
KeyBank Provides $5.7 Million in Financing for Construction of Affordable Housing for Seniors in Ohio
CLEVELAND, October 18, 2017 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided $5.7 million to The Woda Group, Inc. (Woda) for the new construction of Audubon Crossing, located in Dayton, OH. The 50-unit, three-story residential apartment community will be income- and age-restricted to seniors 55 and older with 35-60% AMI. The...
Oct 18, 2017 4:05 PM ET
KeyBank Provides $46 Million in Total Financing for Affordable Housing in Colorado
CLEVELAND, October 6, 2017 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided a total of $46 million in financing to Dominium for the new construction of North Range Crossing, a 216-unit affordable multifamily project in Commerce City, CO. KeyBank arranged for the affordable housing and development company a $32.8 million construction loan and a $13.1...
Oct 6, 2017 4:00 PM ET
KeyBank Provides $15.1 Million in Financing to Harmony Housing for Affordable Housing Properties in North Carolina and Texas
CLEVELAND, September 19, 2017 /3BL Media/ - KeyBank Real Estate Capital has provided a total of $15.1 million through a Fannie Mae credit facility for the acquisition of five affordable housing properties in North Carolina and Texas by Harmony Housing, a 501(c)(3) nonprofit organization dedicated to providing safe, clean and comfortable affordable housing throughout the United States. The...
Sep 19, 2017 4:00 PM ET

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