CLEVELAND, Ohio (October 18, 2016) — KeyBank’s Community Development Lending & Investing group (CDLI) announced it will provide $9.6 million in the form of Low Income Housing Tax Credit (LIHTC) equity to help finance Emerald Alliance IX in Cleveland, OH. Upon completion, the project will be renamed Inez Killingsworth Place and offer 66 units of permanent supportive housing plus supportive services to chronically homeless individuals making less than 30, 50 or 60 percent of the area median income.
Emerald Alliance IX is the ninth permanent supportive housing effort co-developed under the Cuyahoga County Housing First Initiative by the Cleveland Housing Network (CHN)and Emerald Development and Economic Network (EDEN).