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 $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
KeyBank Provides $13.7 Million in Total Financing for Affordable Housing in Alaska
CLEVELAND, September 11, 2017 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided a total of $13.7 million in financing to Swell LLC, for the construction of Turnagain Place in Anchorage, AK. KeyBank financed a $6.3 million construction loan, a $5.9 million LIHTC equity investment and a $1.5 million balance sheet permanent loan. The 29-unit apartment...
Sep 11, 2017 5:00 PM ET
KeyBank Provides a Total of $30.6 Million in Financing for Affordable Housing in Miami
CLEVELAND, August 30, 2017 /3BL Media/ - KeyBank Community Development Lending & Investment has provided a total of $30.6 million in financing to the Housing Trust Group of Coconut Grove, FL for the new construction of Princeton Park Apartments, a 150-unit LIHTC affordable apartment property located approximately 25 miles southwest of Miami. Specifically, KeyBank arranged...
Aug 30, 2017 9:00 AM ET
KeyBank Provides $31.2 Million in Total Financing for Affordable Housing in Oregon
CLEVELAND, Aug. 23, 2017 /3BL Media/ —KeyBank Community Development Lending & Investment (CDLI) has provided a total of $31.2 million in financing to Mountain West Investment Corporation (MWIC) and its non-profit arm, Community Resource Trust (CRT), for the construction of Cornerstone Apartments in Salem, OR. Specifically, KeyBank financed a $13.9 million construction loan, an $8.9 million...
Aug 23, 2017 9:00 AM ET
KeyBank Provides $12.7 Million to Preserve Affordable Housing in Albany, NY
CLEVELAND, Aug. 21, 2017 /3BL Media/— KeyBank Community Development Lending & Investment (CDLI) has partnered with Riverside Capital to provide a $12.7 million LIHTC equity investment to help Michaels Development Company rehabilitate Skyline Gardens Apartments, an existing affordable housing development for families in Albany, NY. Skyline Gardens Apartments features 188 LIHTC...
Aug 22, 2017 9:00 AM ET

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