KeyBank Continues Community Development Lending and Investment Expansion in the Midwest With the Appointment of Ted Witt
Cleveland, December 20, 2021 /3BL Media/ — KeyBank Community Development Lending and Investment (CDLI) has appointed Ted Witt as a senior banker to expand community development lending and investment activity in the Midwest Region. He will be focused on KeyBank’s community development banking efforts in the North Central States which are part of the bank’s affordable housing growth plan. The move comes as KeyBank continues its commitment to affordable housing across the country, with a focus on expanding its CDLI platform. Witt is based in Omaha NE, and reports to Greg Kiger, CDLI Midwest Region manager.
“I am excited to welcome Ted to the team,” said Kiger. “His depth of experience and Low-Income Housing Tax Credit (LIHTC) expertise will serve our clients and our communities well as we grow our platform.”
Witt brings nearly twenty-five years of affordable housing and LIHTC experience in finance, development, and consulting to KeyBank. Prior to joining Key, he was a business development officer focused on LIHTC at Horizon Bank where he was responsible for the coverage of 13 states. Previously, Witt was a development director with Kittle Property Group where he was responsible for developers with LIHTC communities in Kansas, Oklahoma, and Nebraska. He also served as Chief Operating Officer and Director of Asset Management at Midwest Housing Equity Group, Inc., a 501 (c)(3) Tax Credit Syndicator and Midwest Syndication Corporation, both specializing in the financing of affordable housing. Witt began career as a financial analyst with First National Bank of Omaha.
Witt earned his MBA and Bachelor of Science Degree in Business Administration from the University of Nebraska, Omaha. He is a 2006 graduate of Leadership Omaha.
About KeyBank Community Development Lending and Investment
KeyBank Community Development Lending and Investment (CDLI) finances projects that stabilize and revitalize communities across all 50 states. As one of the top affordable housing and community development capital providers in the country, KeyBank’s platform brings together construction, acquisition, bridge-to-re-syndication, and preservation loans, as well as lines of credit, Agency and HUD permanent mortgage executions, and equity investments for low-income housing projects, especially Low-Income Housing Tax Credit (LIHTC) financing. KeyBank has earned ten consecutive “Outstanding” ratings on the Community Reinvestment Act exam, from the Office of the Comptroller of the Currency, making it the first U.S. national bank among the 25 largest to do so since the Act’s passage in 1977.
KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $187.0 billion at September 30, 2021. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,100 branches and more than 1,400 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.