affordable housing

Investing Close to Home

with the Homewise Community Investment Fund
Article

By Laura Altomare, CFRM, Director of Communications and Development, Homewise

Since our founding in 1986, we’ve helped over 14,000 households become more financially educated, 3,600 become homeowners, 2,100 make energy-efficient home improvements and emergency repairs, 600 refinance to more affordable mortgages, and we have built over 600 high-quality affordable homes. These results are made possible through the support of our investors and donors, who serve as our partners in helping families build financial resilience and stability through successful homeownership.

Community Impact Investing

From affordable housing, neighborhood revitalization, to small business development
Blog

By Jamie Horwitz, Chief Marketing Officer, Community Capital Management 

KeyBank Provides $8.2 Million in Financing for Construction of New York Affordable Housing Property

Press Release

CLEVELAND, December 13, 2017 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided an $8.2 million credit enhancement for the construction of Roosevelt Residences, located in Utica, NY. The project is being developed by Norstar Development USA, L.P., and the Municipal Housing Authority of the City of Utica, NY.

More People, More Infrastructure: The Big City Challenge

by Daniel Rosen
Blog

Global urban population growth is expected to skyrocket by 2050, at which point 70 percent of the world’s population will be living in cities. With this growth comes added strain to urban infrastructures, especially those in need of repair. 

Wells Fargo Invests $2 Million to Boost South Dakota Homeownership

Governor Daugaard joins Wells Fargo to announce NeighborhoodLIFT program that will offer homebuyer education plus $7,500 down payment assistance grants for all 66 counties and rural communities
Press Release

SIOUX FALLS, S.D., November 30, 2017 /3BL Media/ – Wells Fargo & Company (NYSE:WFC), NeighborWorks® America and its network member, GROW South Dakota, today announced the NeighborhoodLIFT® program is coming to South Dakota with a $2 million commitment by Wells Fargo to boost homeownership for eligible homebuyers across the state’s 66 counties. This will be Wells Fargo’s 56th LIFT program and second-statewide effort in the U.S.

KeyBank Provides $8.3 Million in Total Financing for Affordable Housing in Cincinnati

Morgan Apartments will serve families earning between 30% and 60% AMI
Press Release

CLEVELAND, November 27, 2017 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided a total of $8.3 million in 9% LIHTC financing to The Model Group, Inc. and Over-the-Rhine Community Housing, Inc. (OTRH) for the acquisition and renovation of Morgan Apartments, a 48-unit scattered site, affordable multifamily housing project in Cincinnati, OH. KeyBank arranged a $7.8 million construction loan and a $450,000 permanent loan, using the FHLB of Cincinnati’s Community Investment Program (CIP).

Solving the National Affordable Housing Crisis With Mercy Housing

Blog

Every day, millions of Americans have to sacrifice food, education, and healthcare because the cost of housing is so high. The numbers are grim: only one out of every four households who needs housing assistance gets itmore than one in four renters pays more than half of their income on housing costs; and nationwide waiting lists for affordable housing are years long.

Delta Reaches 250th Home Build with Habitat for Humanity and Aeroméxico

In 2017, Delta volunteers built or rehabilitated 19 homes across the United States and Mexico
Press Release

ATLANTA, November 3, 2017 /3BL Media/ — Wrapping up this week, Delta and Aeroméxico volunteers built the 250th home in Mexico as a part of the 14th Global Build with long-standing partner Habitat for Humanity. A supporter of local Habitat organizations since 1995, Delta became a national partner in 2006. Through the national partnership, Delta volunteers have helped build or rehabilitate a total of 253 homes in 12 countries around the world.

Housing + Education = Success! How ACH Is Building Bright Futures for Children

Blog

AHC Inc. has been building quality affordable housing communities for low and very-low income families since 1975. Every time AHC builds a community, the non-profit not only provide roofs overhead – it helps families build strong foundations. Onsite year-round educational programs are available for children living at AHC’s properties in Arlington, including After-School literacy activities, one-on-one Teen Tutoring, College & Career Readiness, and a Summer Camp to prevent learning loss.

Solving the Sustainable Global Housing Problem

by Emma Kantrowitz
Blog

In the suburb of Hackbridge in South West London, a sustainable social housing movement is taking place. BedZED, the U.K.’s first large-scale “eco-village,” is leading the way in the global movement to improve sustainable social housing offerings.

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