The rehabilitation of two properties in New York City will significantly improve residents’ quality of life and establish permanent affordability for these units, as part of the Permanent Affordability Commitment Together (PACT) program
CLEVELAND, January 25, 2019 /3BL Media/ — KeyBank Community Development Lending and Investment (CDLI) recently closed $24.5 million in total financing for the Gilbane Development Company’s acquisition and renovation of two New York City Housing Authority (NYCHA) properties, Highbridge Franklin and Twin Parks West, to preserve 647 units of permanent affordable housing in the Bronx, NY.
The preservation of affordable housing at White Rock Apartment Homes supports the City of San Antonio’s affordable housing initiatives
CLEVELAND, January 10, 2019 /3BL Media/ - KeyBank announced today arranging $28.4 million in a Fannie Mae affordable housing preservation refinance loan for Commonwealth Multifamily Housing Corporation (“Commonwealth”) for the benefit of White Rock Apartment Homes, a multifamily, 336-unit mixed-income property in San Antonio, TX.
As part of our commitment to our veterans and providing relief and finding solutions to end homelessness in Las Vegas, we continue to support Veterans Village and their housing project, The Village by Sands Cares. The new housing development will consist of ten fully transformed and furnished shipping container units for our veterans in downtown Las Vegas.
Down Payment Assistance Fund is part of City’s Neighborhood Pillars Program, dedicated to affordable housing preservation
NEW YORK, December 21, 2018, /3BL Media/ – The New York City Department of Housing Preservation and Development (HPD) and New York City Housing Development Corporation (HDC) announced today the City’s Neighborhood Pillars Program with a $2 million commitment from the Wells Fargo Foundation.
Selinon Park Apartments to provide 75 new affordable units
CLEVELAND, December 20, 2018 /3BL Media/—KeyBank provided and arranged a total of $17.4 million in Low-Income Housing Tax Credit (LIHTC) financing to Full Circle Communities for the construction of Selinon Park Apartments, providing 75 affordable housing units serving households that earn 30% and 60% area median income (AMI) in Portage, MI.
The financing will support the redevelopment of a former public school into 50 units of affordable housing for low-income seniors and homeless frail elderly
CLEVELAND, December 18, 2018 /3BL Media/— KeyBank Community Development Lending & Investment (CDLI) provided a $10.8 million construction loan to support the Jason Gwilt Memorial Senior Apartments, a converted public school in Verona, NY that will make 50 units of affordable seniors housing and a senior center available to the community.
CLEVELAND, December 19, 2018 /3BL Media/ — KeyBank Community Development Lending & Investment (CDLI) has provided $21.9 million in total financing to Home Leasing, LLC for the historic preservation and creation of affordable housing in the former Holley High School in Holley, NY. KeyBank provided a $9.9 million construction loan, plus $6.8 million in Low-Income Housing Tax Credit (LIHTC) equity and $5.1 million in Historic Tax Credit (HTC) equity.
CLEVELAND, December 18, 2018 /3BL Media/— KeyBank Community Development Lending & Investment (CDLI) has provided $21.9 million in total financing to Home Leasing, LLC for the historic preservation and creation of affordable housing in the former Holley High School in Holley, NY. KeyBank provided a $9.9 million construction loan, plus $6.8 million in Low-Income Housing Tax Credit (LIHTC) equity and $5.1 million in Historic Tax Credit (HTC) equity.
CLEVELAND, December 17, 2018 /3BL Media/ — KeyBank Real Estate Capital arranged a $3.9 million Fannie Mae, 9% Low-Income Housing Tax Credit (LIHTC) forward commitment permanent loan for Four Corners Development to finance the new construction of Council Trails Apartments. Council Trails Apartments is a 72-unit affordable housing property in Oklahoma City, OK comprised of four, three-story residential buildings. The Oklahoma Housing Finance Agency (OHFA) provided the 9% LIHTC equity allocation.
The acquisition and rehabilitation of the Avondale Properties and Alms Hill Apartments will ensure the availability of long-term affordable housing options for the larger Avondale Community
CINCINNATI, December 7, 2018 /3BL Media/—KeyBank Real Estate Capital and KeyBank Community Development Lending and Investment (CDLI) have provided a total of $87 million in financing to Related Companies, for the acquisition and rehabilitation of more than 400 affordable housing units in Cincinnati, OH.