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 $17.4 Million in Total Financing for Construction of Affordable Senior Housing in Florida
CLEVELAND, June 4, 2018 /3BL Media/ — KeyBank Community Development Lending & Investment (CDLI) has provided $17.4 million in total financing for the construction of Hammock Ridge II in Spring Hill, FL. Key provided a $13.7 million construction loan and a $3.7 million Freddie Mac Low-Income Housing Tax Credit (LIHTC) Forward Commitment. Upon completion of Phase II,...
Jun 4, 2018 5:05 PM ET
KeyBank Provides a Total of $49.7 Million in Financing for Colorado Affordable Housing Development
CLEVELAND, May 16, 2018 /3BL Media/ — KeyBank’s Community Development Lending & Investment (CDLI) team has provided a total of $49.7 million in financing to a joint venture among Koelbel and Company, Mile High Development and Longs Peak Advisors to support the new construction of Eaton Street Apartments, a 118-unit affordable housing development in Westminster, CO. Specifically, KeyBank...
May 16, 2018 12:15 PM ET
KeyBank Provides $38.5 Million in Total Financing for the Construction of Affordable Housing in New York
CLEVELAND, April 4, 2018 /3BL Media/ — KeyBank Community Development Lending and Investment (CDLI) has provided a total of $38.5 million to Ida Yarbrough Phase II LLC, an entity owned by Albany Housing Authority (AHA), for the new construction of Ida Yarbrough Homes. The 76-unit, affordable housing property is located in Albany, NY and will set aside 12 apartments for households at risk for...
Apr 4, 2018 9:00 AM ET
KeyBank Provides $23.7 Million in Financing for Affordable Housing Acquisitions in Texas
CLEVELAND, March 26, 2018 /3BL Media/ — KeyBank Community Development Lending & Investment (CDLI) has provided a total of $23.7 million in Fannie Mae financing to Harmony Housing, a 501(c)(3) nonprofit organization dedicated to providing safe, clean and comfortable affordable housing throughout the United States, for the acquisition of two affordable housing properties in Texas. Key...
Mar 26, 2018 4:00 PM ET
KeyBank Provides $43 Million in Financing for Affordable Housing in Oregon
CLEVELAND, February 23, 2018 /3BL Media/ — KeyBank Community Development Lending & Investment (CDLI) has provided $43 million in construction financing to BRIDGE Housing Corporation (BRIDGE) for the development of 203 affordable housing units in the RiverPlace neighborhood of Portland, OR. The affordable housing project is the culmination of a competitive request for proposal process...
Feb 23, 2018 9:00 AM ET

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