CLEVELAND, July 10, 2018 /3BL Media/ — KeyBank Community Development Lending & Investment (CDLI) provided a $10.4 million bridge loan to Affordable Housing Development Services, LLC (AHDS) for the acquisition of Ocean King Apartments, an 82-unit project located in North Miami, FL. Ocean King Apartments is currently operating at market rate and will be transitioned to an affordable community that will serve individuals earning up to 60% area median income (AMI).
CLEVELAND, July 3, 2018 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided $15.5 million in total financing to Home Leasing, LLC for the construction of Charlotte Square on the Loop in Rochester, NY. Key provided a $6.6 million construction loan, plus $8.9 million in Low-Income Housing Tax Credit (LIHTC) equity.
Local NeighborhoodLIFT grants, down payment assistance will help create about 280 homeowners
SAN FRANCISCO, June 26, 2018 /3BL Media/– Wells Fargo & Company (NYSE: WFC) today announced a total of $250,000 in donations for three local nonprofits to support affordable housing and youth and family programs in the East Bay Area.
Local NeighborhoodLIFT grants support affordable housing, economic and workforce development
JACKSONVILLE, Fla., June 25, 2018 /3BL Media/ – Wells Fargo & Company (NYSE: WFC) today announced a total of $500,000 in donations to five local nonprofits to help revitalize Jacksonville neighborhoods through the Wells Fargo NeighborhoodLIFT® program.
Identified in collaboration with Mayor Lenny Curry, the Wells Fargo NeighborhoodLIFT local initiative grants will provide support for affordable housing and economic and workforce development.
CLEVELAND, June 13, 2018 /3BL Media/ —KeyBank Community Development Lending & Investment (CDLI) has provided $14.2 million in construction financing for the renovation of Riverview Manor and Piotr Stadnitski Gardens in Buffalo, NY. The project will be developed in partnership with Smith and Henzy Advisory Group and MDG Design + Construction and is supported by existing project-based HUD Section 8 vouchers.
This year's build will take place Aug. 26-31 in Mishawaka, Ind.
Today, Whirlpool Corporation announced it will continue its longtime relationship with Habitat for Humanity through 2018. This marks the 19th year the appliance manufacturer and nonprofit organization collaboration to support families in need of affordable housing, with Whirlpool Corporation committing to providing a new range and refrigerator for every new Habitat home built in the U.S. and Canada.
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.
May 31, 2018 /3BL Media/ - Rapid urbanization and the lack of planned affordable housing in India have led to a shortage of 10–12 million urban homes and 26–37 million urban households residing in informal housing, often in poor living conditions. The bulk of these households are low-income households working in the informal sector, who cannot obtain housing loans from banks and traditional housing finance companies, which provide loans on the basis of reliable income documentation.
Eaton Street Apartments will help revitalize the neighborhood and provide critical, quality affordable housing for low-income families
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 provided a $24.8 million construction loan, a $14.1 million LIHTC equity investment and a $10.8 million Fannie Mae permanent loan. Jefferson County Housing Authority is a Special Limited Partner.
NeighborhoodLIFT grants support affordable housing, housing counseling, behavioral health
DENVER, May 15, 2018 /3BL Media/ – Wells Fargo & Company (NYSE: WFC) today announced a total of $250,000 in donations for three local nonprofits to help revitalize Denver-Aurora neighborhoods through the Wells Fargo NeighborhoodLIFT® program.
Identified in collaboration with the city of Denver and city of Aurora, the nonprofits support behavioral health programs and affordable housing initiatives.