Financing will Allow for the Rehabilitation of Two Affordable Housing Projects in Newark, NJ
CLEVELAND, September 26, 2018 /3BL Media/ - KeyBank Real Estate Capital (KBREC) and KeyBank Community Development Lending & Investment (CDLI) have provided a first-of-its-kind Fannie Mae Healthy Housing Rewards Enhanced Resident Services loan to Omni New York LLC for the acquisition and rehabilitation of two affordable housing properties in Newark, NJ.
Company making progress against $400 million philanthropy goal set for 2018
SAN FRANCISCO, September 19, 2018 /3BL Media/ - According to a new survey on corporate giving from the Chronicle of Philanthropy, the Wells Fargo Foundation is the No. 2 corporate cash giver in the U.S. and the top financial institution in overall giving.
Development of next generation of Enterprise Green Communities Criteria to synchronize with ILFI’s healthy materials programs, including Red List, Declare and the Living Product Challenge
PITTSBURGH, September 11, 2018 /3BL Media/ - As the first to address the unique needs of the affordable housing sector, Enterprise Community Partners Inc. (Enterprise) and the International Living Future Institute (ILFI) have partnered to scale programs for healthy, sustainable development into Enterprise’s Green Communities Criteria.
CLEVELAND, September 5, 2018/3BL Media/— KeyBank Community Development Lending & Investment (CDLI) has provided $30.9 million in total financing to Community House Mental Health Agency for two tax credit affordable housing properties located at the corner of 23rd and Jackson streets in Seattle, WA.
CLEVELAND, July 18, 2018 /3BL Media/ —KeyBank Community Development Lending and Investment (CDLI) has provided $19.6 million in total financing for the development and acquisition of Mosaic Village in Cohoes, NY. Key provided a $10.7 million construction loan, plus $8.9 million in Low-Income Housing Tax Credit equity.
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.