Key Supports Affordable Housing

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 Makes $250,000 Grant in Support of Warren Village Single Parent Self-Sufficiency Program
DENVER, September 1, 2022 /3BL Media/ — Warren Village and KeyBank announced a $250,000 grant from KeyBank at a social event for Warren Village residents held at Cheeseman Park earlier this month. The three-year partnership and strategic investment are rooted in education and workforce training and is focused firmly on increasing the number of single-parent families to achieve personal...
Sep 1, 2022 9:00 AM ET
Fairstead and KeyBank Announce Acquisition of Affordable Housing Portfolio in Kentucky
Fairstead and KeyBank will preserve affordability for the 950-unit portfolio 16 properties join Fairstead's Kentucky affordable portfolio, which has grown to nearly 1,300 units of affordable housing
Aug 16, 2022 9:00 AM ET
Brian Maddox, Community Development Financial Institutions Leader, Talks KeyBank's Commitment To Equitable Path Forward
KeyBank Community Development Lending and Investments (CDLI) recently provided a $20 million term loan to...
Jul 25, 2022 9:00 AM ET
KeyBank, NeighborWorks and The Fair Housing Center Celebrate First Closed Loan in Program to Expand Access to Home Loans for Single-family Properties Throughout Toledo
TOLEDO, Ohio, June 21, 2022 /3BL Media/ - KeyBank, NeighborWorks and The Fair Housing Center celebrated the first loan closed under a new program aimed at making financing single-family homes easier and more...
Jun 21, 2022 9:00 AM ET
KeyBank Provides $20 Million To Advance Racial Equity With Real Estate Development
Cleveland, June 8, 2022 /3BL Media – KeyBank Community Development Lending and Investments (CDLI) provided a $20 million term loan to Enterprise Community Loan Fund Inc. (Enterprise) to support Equitable Path Forward, a $3.5 billion nationwide initiative to help dismantle the legacy of...
Jun 8, 2022 9:00 AM ET

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