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 Partners With Related Companies and Provides $87 Million in Financing for the Revitalization of Two Affordable Housing Developments in Cincinnati
CINCINNATI, December 7, 2018 /3BL Media/—KeyBank Real Estate Capital and KeyBank Community Development Lending and Investment (CDLI) have provided a total of $87 million in financing to Related Companies, for the acquisition and rehabilitation of more than 400 affordable housing units in Cincinnati, OH. Avondale Properties is a Section 8 portfolio with four residential family...
Dec 7, 2018 8:00 AM ET
KeyBank Finances the Substantial Rehabilitation of Critical Affordable Housing in Memphis, TN
CLEVELAND, December 5, 2018 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) provided The Millenia Companies with $59.2 million in combined construction to permanent loan financing for the rehabilitation of 400 units of affordable housing at Cavalier Court Apartments and Gospel Gardens in Memphis, TN. The CDLI team provided a two-year, $...
Dec 5, 2018 4:00 PM ET
KeyBank Enables the Rehabilitation of Affordable Seniors Housing in Puyallup, WA
CLEVELAND, Ohio, December 3, 2018 /3BL Media/—KeyBank provided and arranged both construction and permanent financing to support the Senior Housing Assistant Group (SHAG) with the acquisition and rehabilitation of Sunset Garden Apartments, an affordable seniors housing property serving those aged 62 or older in Puyallup, WA. The 276-unit community is reserved for seniors...
Dec 3, 2018 2:30 PM ET
KeyBank Finances New Construction of Affordable Housing for Families in Arlington, WA
CLEVELAND, Ohio, December 3, 2018 /3BL Media/—KeyBank provided and arranged both construction and permanent financing supporting AVS Communities’ plan to construct The Villas at Arlington, a 312-unit, mid-rise apartment complex with 17 three-story residential buildings. The property is subject to Section 42 of the Low-Income Housing Tax Credit (LIHTC) program and will make affordable housing...
Dec 3, 2018 1:30 PM ET
KeyBank Expands Capabilities to Support CDLI Growth
CLEVELAND, November 13, 2018/3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) announced today that it has hired five new underwriters to support work across its growing business. The CDLI platform brings together balance sheet, equity and permanent loan offerings to finance the preservation and development of affordable...
Nov 13, 2018 11:30 AM ET

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